Cara Mia Theatre Co

Analysis

Cara Mia Theatre Co is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in May 1996, 30 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 July 2023, Cara Mia Theatre Co reported income of $1.4m and spending of $1.4m, spending 99% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $811k to $1.4m (+68%), an average of +14% a year. The sharpest change came in the year to July 2023, when income rose by 39%. 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, Cara Mia Theatre Co sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Kiran Nadar Museum of Art ($1.4m), Eichelberger Performing Arts Center ($1.4m) and Mill Mountain Playhouse Co ($1.4m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $79k (5.9% of expenses). Other salaries and wages came to $123k. At year end it held assets of $568k against liabilities of $1,417, net assets of $567k. It reported 8 employees.