Lake Country Playhouse

Analysis

Lake Country Playhouse is a registered charity in United States, based in Mineola, TX. It received its IRS tax-exemption ruling in September 2020, 6 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 August 2024, Lake Country Playhouse reported income of $417k and spending of $445k, spending 107% of what it took in. Across the 6 years on record, from August 2019 to August 2024, income grew from $285k to $417k (+46%), an average of +7.9% a year. The sharpest change came in the year to August 2021, when income rose by 113%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lake Country Playhouse sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Hope Box Performing Arts ($417k), Suffolk County Historical Society ($417k) and Youth Music Monterey ($417k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 28% and program service revenue 72% of the total. Other salaries and wages came to $172k. At year end it held assets of $323k against liabilities of $106k, net assets of $217k. It reported 17 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.