Dallas Theater Center

Analysis

Dallas Theater Center is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in November 1959, 67 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, Dallas Theater Center reported income of $10.1m and spending of $9.4m, spending 94% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $9.8m to $10.1m (+2.9%), an average of +0.7% a year. The sharpest change came in the year to August 2022, when income rose by 133%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dallas Theater Center sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Walnut Street Theatre Corp ($10.1m), Hawaii Public Television Foundation ($10.1m) and Saint Paul Chamber Orchestra Society ($10.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 74% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $225k (2.4% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $6.0m against liabilities of $3.8m, net assets of $2.2m. It reported 222 employees.