Milam Community Theatre Incorporated

Analysis

Milam Community Theatre Incorporated is a registered charity in United States, based in Cameron, TX. It received its IRS tax-exemption ruling in August 1995, 31 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, Milam Community Theatre Incorporated reported income of $83k and spending of $89k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $83k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Milam Community Theatre Incorporated sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within TX. Charities of a similar size with the same main cause include Houston County Historical Society ($83k), Villages Musical Company ($83k) and Rockford Public Library ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 47% of the total. At year end it held assets of $18k against liabilities of $850, net assets of $17k.