Waco Theater Center

Analysis

Waco Theater Center is a registered charity in United States, based in N Hollywood, CA. It received its IRS tax-exemption ruling in September 2016, 10 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 June 2023, Waco Theater Center reported income of $1.9m and spending of $3.7m, spending 198% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $1.9m (+13%), an average of +3.2% a year. The sharpest change came in the year to June 2023, when income dropped by 59%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Waco Theater Center sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Childrens Museum of the East End ($1.9m), Lorain Civic Center Committee Inc ($1.9m) and Association of African American Museums ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $351k (9.5% of expenses). Other salaries and wages came to $683k. At year end it held assets of $4.0m against liabilities of $290k, net assets of $3.7m. It reported 19 employees.