North Texas Performing Arts

Analysis

North Texas Performing Arts is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in March 1992, 34 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, North Texas Performing Arts reported income of $4.7m and spending of $4.5m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.4m to $4.7m (+40%), an average of +8.8% a year. The sharpest change came in the year to September 2021, when income rose by 37%. 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, North Texas Performing Arts sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Parrish Art Museum Inc ($4.7m), Guild Hall of East Hampton Inc ($4.7m) and Santa Barbara Symphony Orchestra Association ($4.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 32% and program service revenue 62% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $3.5m against liabilities of $2.6m, net assets of $919k. It reported 58 employees.