Harbor Playhouse Company

Analysis

Harbor Playhouse Company is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in April 1950, 76 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 2022, Harbor Playhouse Company reported income of $679k and spending of $610k, spending 90% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $887k to $679k (-23%), an average of -8.5% a year. The sharpest change came in the year to December 2021, when income rose by 173%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Harbor Playhouse Company 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 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Chicago Filmmakers ($679k), St Joseph Today Association ($679k) and Connect2culture ($678k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 9.9% and program service revenue 89% of the total. Other salaries and wages came to $269k. At year end it held assets of $876k against liabilities of $150k, net assets of $726k. It reported 20 employees.