Basin Theatre Works

Analysis

Basin Theatre Works is a registered charity in United States, based in Odessa, TX. It received its IRS tax-exemption ruling in July 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 December 2023, Basin Theatre Works reported income of $197k and spending of $233k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $373k to $197k (-47%), an average of -15% a year. The sharpest change came in the year to December 2020, when income dropped by 73%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Basin Theatre Works sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within TX. Charities of a similar size with the same main cause include Clark County Historical Society and Howard Steamboat Museum Inc ($197k), Point Cabrillo Lightkeepers Association ($197k) and Stemarts Lab ($197k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 42% of the total. Other salaries and wages came to $99k. At year end it held assets of $379k against liabilities of $0, net assets of $379k. It reported 3 employees.