Waco Civic Theatre

Analysis

Waco Civic Theatre is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in June 1956, 70 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 May 2023, Waco Civic Theatre reported income of $589k and spending of $580k, spending 98% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $537k to $589k (+9.8%), an average of +2.4% a year. The sharpest change came in the year to May 2022, when income rose by 137%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Waco Civic Theatre sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include North Fork Valley Public Radio Incorporated ($589k), Wildwood Park for the Arts Inc ($589k) and Students for a Free Tibet Inc ($589k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 50% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $70k (12% of expenses). Other salaries and wages came to $98k. At year end it held assets of $398k against liabilities of $46k, net assets of $352k. It reported 7 employees.