Lake Travis Music Theatre Inc

Analysis

Lake Travis Music Theatre Inc is a registered charity in United States, based in Lago Vista, TX. It received its IRS tax-exemption ruling in October 2011, 15 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, Lake Travis Music Theatre Inc reported income of $144k and spending of $139k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $103k to $144k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lake Travis Music Theatre 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 Broadway Bound Players of Medford ($144k), Lambda Archives of San Diego ($144k) and Wilson Tourism Hub Inc ($144k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 28% of the total. At year end it held assets of $101k against liabilities of $0, net assets of $101k.