Mildreds Umbrella Theater Company

Analysis

Mildreds Umbrella Theater Company is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 2004, 22 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 January 2024, Mildreds Umbrella Theater Company reported income of $62k and spending of $68k, spending 108% of what it took in. Across the 2 years on record, from January 2023 to January 2024, income grew from $53k to $62k (+17%), an average of +17% a year. The sharpest change came in the year to January 2024, when income rose by 17%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mildreds Umbrella Theater Company sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within TX. Charities of a similar size with the same main cause include Patriot Art Foundation ($62k), East County Performing Arts Association ($62k) and Professional Dance Network Inc ($62k).

On its Form 990-EZ for the period ending January 2024, revenue came from contributions and grants 68% and program service revenue 32% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.