Abilene Community Theatre Inc

Analysis

Abilene Community Theatre Inc is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in December 1965, 61 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 June 2024, Abilene Community Theatre Inc reported income of $73k and spending of $61k, spending 84% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $101k to $73k (-28%), an average of -28% a year. The sharpest change came in the year to June 2024, when income dropped by 28%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Abilene Community Theatre Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within TX. Charities of a similar size with the same main cause include Athens Arts League ($73k), Aztec Museum Association ($73k) and Trails and Vistas Inc ($73k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 35% and program service revenue 43% of the total. At year end it held assets of $151k against liabilities of $0, net assets of $151k.