Friends of Old Town Theatre

Analysis

Friends of Old Town Theatre is a registered charity in United States, based in Huntsville, TX. It received its IRS tax-exemption ruling in August 1998, 28 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 December 2023, Friends of Old Town Theatre reported income of $346k and spending of $289k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $93k to $346k (+274%), an average of +39% a year. The sharpest change came in the year to December 2021, when income rose by 166%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Old Town Theatre sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Bronx Conservatory of Music ($346k), Ka Aha Lahui O Olekona ($347k) and Festival Ballet Albuquerque ($346k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.9% and program service revenue 91% of the total. At year end it held assets of $838k against liabilities of $151k, net assets of $687k.