The Catastrophic Theatre Inc

Analysis

The Catastrophic Theatre Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in December 2007, 19 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, The Catastrophic Theatre Inc reported income of $679k and spending of $692k, spending 102% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $573k to $679k (+19%), an average of +4.4% a year. The sharpest change came in the year to August 2022, when income rose by 62%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Catastrophic Theatre Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Saint Josephs Arts Foundation ($679k), Upstate New York Falun Dafa Assoc Inc ($680k) and Spirit Communications Inc ($679k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 78% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $175k (25% of expenses). Other salaries and wages came to $78k. At year end it held assets of $505k against liabilities of $3,985, net assets of $501k. It reported 5 employees.