Theta Charity Events Inc

Analysis

Theta Charity Events Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 1979, 47 years ago. 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 February 2023, Theta Charity Events Inc reported income of $183k and spending of $49k, leaving 73% of income unspent that year. Across the 3 years on record, from February 2020 to February 2023, income fell from $220k to $183k (-17%), an average of -8.9% a year. The sharpest change came in the year to February 2023, when income rose by 107%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Theta Charity Events Inc sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within TX. Charities of a similar size with the same main cause include Offender Victim Ministries Inc ($183k), American Society of Civil Engineers ($183k) and Whitehouse Family Foundation ($183k).

On its Form 990-EZ for the period ending February 2023, revenue came from contributions and grants 102% of the total. At year end it held assets of $150k against liabilities of $0, net assets of $150k.