Main Street Theater Houston

Analysis

Main Street Theater Houston is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in March 1980, 46 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 August 2023, Main Street Theater Houston reported income of $3.5m and spending of $3.3m, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.8m to $3.5m (+25%), an average of +5.6% a year. The sharpest change came in the year to August 2022, when income rose by 130%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Main Street Theater Houston sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include American Research Center in Egypt Inc ($3.5m), Alliance Community Health Foundation ($3.5m) and Uss Constitution Museum Inc ($3.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $128k (3.8% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $3.4m against liabilities of $1.6m, net assets of $1.8m. It reported 187 employees.