Theatre Under the Stars Inc

Analysis

Theatre Under the Stars Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 1969, 57 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 August 2023, Theatre Under the Stars Inc reported income of $16.3m and spending of $18.9m, spending 116% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $18.9m to $16.3m (-14%), an average of -3.6% a year. The sharpest change came in the year to August 2022, when income rose by 318%. 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, Theatre Under the Stars Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Chicago Architecture Foundation ($16.3m), Atlanta Beltline Partnership Inc ($16.3m) and South Carolina Research Authority ($16.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $705k (3.7% of expenses). Other salaries and wages came to $2.2m. It paid $30k in professional fundraising fees. At year end it held assets of $14.1m against liabilities of $8.6m, net assets of $5.6m. It reported 473 employees.