Old Red Courthouse Inc

Analysis

Old Red Courthouse Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in August 2024, 2 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 August 2023, Old Red Courthouse Inc reported income of $287k and spending of $40k, leaving 86% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income fell from $453k to $287k (-37%), an average of -11% a year. The sharpest change came in the year to August 2020, when income rose by 458%. Over the whole period it spent 62% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Old Red Courthouse Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Baltimore Chamber Orchestra Inc ($287k), Fiddlehead Center for the Arts ($287k) and Providential Heritage Academy ($287k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 12% of the total. Compensation of current officers, directors and key employees was $12k (31% of expenses). At year end it held assets of $118k against liabilities of $2,289, net assets of $116k. It reported 1 employees.