Wortham Center Operating Company

Analysis

Wortham Center Operating Company is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in March 1987, 39 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wortham Center Operating Company reported income of $1.4m and spending of $1.2m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.4m (+15%), an average of +3.5% a year. The sharpest change came in the year to June 2022, when income rose by 478%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wortham Center Operating Company sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include LA Crosse Community Theatre Inc ($1.4m), Lost Debate Inc ($1.4m) and The Water Council Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 106% of the total. Other salaries and wages came to $819k. At year end it held assets of $1.0m against liabilities of $65k, net assets of $947k.