Wellington Ritz Theatre Inc

Analysis

Wellington Ritz Theatre Inc is a registered charity in United States, based in Wellington, TX. It received its IRS tax-exemption ruling in April 2008, 18 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wellington Ritz Theatre Inc reported income of $373k and spending of $271k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $319k to $373k (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2022, when income rose by 212%. Over the whole period it spent 48% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wellington Ritz Theatre Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Atlanta Workshop Players Inc ($373k), Voicecorps Reading Service ($373k) and Nantucket Shellfish Association Inc ($373k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. Other salaries and wages came to $55k. At year end it held assets of $1.6m against liabilities of $8,122, net assets of $1.6m.