Art & Drama Centre Theatre

Analysis

Art & Drama Centre Theatre is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in April 2012, 14 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 December 2023, Art & Drama Centre Theatre reported income of $676k and spending of $676k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $676k (-58%), an average of -20% a year. The sharpest change came in the year to December 2020, when income dropped by 83%. Over the whole period it spent 62% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Art & Drama Centre Theatre sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Cyt Dallas-Fort Worth Inc ($676k), The Eagle Hill Institute ($677k) and Port Angeles Fine Arts Center Foundation ($676k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Other salaries and wages came to $114k. At year end it held assets of $325 against liabilities of $0, net assets of $325.