Teatro Hispano de Dallas

Analysis

Teatro Hispano de Dallas is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in November 1985, 41 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, Teatro Hispano de Dallas reported income of $317k and spending of $359k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $243k to $317k (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2021, when income rose by 57%. 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, Teatro Hispano de Dallas sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Northeast Atlanta Ballet Ensemble Inc ($317k), Sandusky Area Maritime Association ($317k) and Leadership West Inc ($317k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $64k (18% of expenses). Other salaries and wages came to $91k. At year end it held assets of $207k against liabilities of $67k, net assets of $140k. It reported 5 employees.