Glass Half Full Theatre

Analysis

Glass Half Full Theatre is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in November 2021, 5 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 September 2023, Glass Half Full Theatre reported income of $307k and spending of $300k, spending 98% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $97k to $307k (+217%), an average of +217% a year. The sharpest change came in the year to September 2023, when income rose by 217%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Glass Half Full Theatre sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Lawrence Community Access Television ($307k), Bay Street Players Inc ($307k) and Maasai Girls Education Fund ($307k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 9.5% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $88k (29% of expenses). At year end it held assets of $75k against liabilities of $34k, net assets of $41k. It reported 3 employees.