Fredericksburg Theater Company

Analysis

Fredericksburg Theater Company is a registered charity in United States, based in Fredericksbrg, TX. It received its IRS tax-exemption ruling in February 1998, 28 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 May 2023, Fredericksburg Theater Company reported income of $733k and spending of $818k, spending 111% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $671k to $733k (+9.2%), an average of +2.2% a year. The sharpest change came in the year to May 2022, when income rose by 36%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fredericksburg Theater Company sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include BSA Foundation ($733k), American Orff-Schulwerk Association ($733k) and Haven Academy of the Arts ($733k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 59% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $73k (9.0% of expenses). Other salaries and wages came to $208k. At year end it held assets of $925k against liabilities of $343k, net assets of $582k. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.