Hip Pocket Theatre

Analysis

Hip Pocket Theatre is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in July 1979, 47 years ago. 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 December 2023, Hip Pocket Theatre reported income of $288k and spending of $306k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $212k to $288k (+36%), an average of +8.1% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hip Pocket Theatre 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 61st percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include The Essential Theatre ($288k), Art Deco Society of New York Inc ($288k) and Sanborn Daycare Association ($288k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $44k (14% of expenses). At year end it held assets of $260k against liabilities of $0, net assets of $260k. It reported 1 employees.