Gilbert and Sullivan Society of Austin Texas Inc

Analysis

Gilbert and Sullivan Society of Austin Texas Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in September 1978, 48 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 2023, Gilbert and Sullivan Society of Austin Texas Inc reported income of $118k and spending of $137k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $153k to $118k (-23%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gilbert and Sullivan Society of Austin Texas Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 44th percentile within TX. Charities of a similar size with the same main cause include Ellis County Museum Inc ($118k), Buffalo International Film Festival ($118k) and Utsov Inc ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 77% of the total. At year end it held assets of $121k against liabilities of $8,000, net assets of $113k.