Garland Summer Musicals Inc

Analysis

Garland Summer Musicals Inc is a registered charity in United States, based in Wylie, TX. It received its IRS tax-exemption ruling in November 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 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 September 2023, Garland Summer Musicals Inc reported income of $257k and spending of $322k, spending 125% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $273k to $257k (-5.8%), an average of -1.5% a year. The sharpest change came in the year to September 2021, when income rose by 327%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Garland Summer Musicals Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include The Wharton Esherick Museum ($257k), Cat Ltd ($257k) and Impact Arts Inc ($257k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. At year end it held assets of $126k against liabilities of $907, net assets of $125k. It reported 5 employees.