Class Act Productions

Analysis

Class Act Productions is a registered charity in United States, based in Spring, TX. It received its IRS tax-exemption ruling in September 1997, 29 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 August 2023, Class Act Productions reported income of $550k and spending of $578k, spending 105% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $465k to $550k (+18%), an average of +4.3% a year. The sharpest change came in the year to August 2022, when income rose by 38%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Class Act Productions sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Longs Park Amphitheater Foundation ($549k), Cypress Creek Foundation for the Arts and Community Enrichment ($550k) and Healthspan Action Coalition Inc ($549k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 5.8% and program service revenue 90% of the total. Other salaries and wages came to $100k. At year end it held assets of $317k against liabilities of $555k, net assets of -$238k. It reported 16 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.