Amarillo Little Theatre Inc

Analysis

Amarillo Little Theatre Inc is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in February 1938, 88 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 June 2023, Amarillo Little Theatre Inc reported income of $1.2m and spending of $1.3m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.2m (+0.0%), an average of +0.0% a year. The sharpest change came in the year to June 2023, when income dropped by 18%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Amarillo Little Theatre Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Boulder Philharmonic Orchestra ($1.2m), The Troy Andrews Foundation ($1.2m) and 52nd Street Project Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $85k (6.6% of expenses). Other salaries and wages came to $304k. At year end it held assets of $1.8m against liabilities of $231k, net assets of $1.6m. It reported 8 employees.