Texas International Theatrical Arts Society

Analysis

Texas International Theatrical Arts Society is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in April 1983, 43 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 June 2023, Texas International Theatrical Arts Society reported income of $2.0m and spending of $2.1m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.0m (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2022, when income rose by 134%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Texas International Theatrical Arts Society sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Cache Creek Lodge Inc ($2.0m), North Country Trail Association Incorporated ($2.0m) and Society of Trauma Nurses ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $223k (11% of expenses). Other salaries and wages came to $237k. At year end it held assets of $1.2m against liabilities of $150k, net assets of $1.0m. It reported 5 employees.