Undermain Theatre

Analysis

Undermain Theatre is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in June 1984, 42 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Undermain Theatre reported income of $820k and spending of $825k, spending 101% of its income. Across the 5 years on record, from July 2020 to July 2024, income fell from $891k to $820k (-8.0%), an average of -2.1% a year. The sharpest change came in the year to July 2024, when income rose by 18%. 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, Undermain Theatre sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Butler Heritage Foundation Inc ($819k), Women in Animation Inc ($821k) and Groundup Music Foundation Inc ($819k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 87% and program service revenue 6.7% of the total. Compensation of current officers, directors and key employees was $113k (14% of expenses). Other salaries and wages came to $211k. At year end it held assets of $1.6m against liabilities of $73k, net assets of $1.5m. It reported 10 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.