Theatre Network of Texas Inc

Analysis

Theatre Network of Texas Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in May 1973, 53 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2021, Theatre Network of Texas Inc reported income of $144k and spending of $149k, spending 103% of its income. Across the 3 years on record, from August 2019 to August 2021, income fell from $273k to $144k (-47%), an average of -28% a year. The sharpest change came in the year to August 2020, when income dropped by 31%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theatre Network of Texas Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within TX. Charities of a similar size with the same main cause include Mudra Dance Studio ($144k), SRM US Inc ($144k) and Palm Springs Preservation Foundation ($144k).

On its Form 990 for the period ending August 2021, revenue came from contributions and grants 44% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $78k (52% of expenses). At year end it held assets of $323k against liabilities of $17k, net assets of $306k. It reported 7 employees.