Richardson Theatre Center Inc

Analysis

Richardson Theatre Center Inc is a registered charity in United States, based in Richardson, TX. It received its IRS tax-exemption ruling in February 1991, 35 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 December 2023, Richardson Theatre Center Inc reported income of $160k and spending of $157k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $143k to $160k (+12%), an average of +12% a year. 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, Richardson Theatre Center Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within TX. Charities of a similar size with the same main cause include Workshop Theatre of South Carolina ($160k), Historic Washington Foundation Inc ($160k) and New Orleans Mardi Gras Indian Council Incorporated ($160k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. At year end it held assets of $65k against liabilities of $0, net assets of $65k.