Kingwood Dance Theatre

Analysis

Kingwood Dance Theatre is a registered charity in United States, based in Kingwood, TX. It received its IRS tax-exemption ruling in May 1986, 40 years ago. 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 December 2023, Kingwood Dance Theatre reported income of $204k and spending of $273k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $151k to $204k (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2021, when income rose by 523%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kingwood Dance Theatre sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include Good News Evangelistic Fellowship Inc ($204k), Iron Lives Inc ($204k) and Winters Friends of the Library ($204k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 55% of the total. At year end it held assets of $60k against liabilities of $0, net assets of $60k.