Texas Music Theatre Company

Analysis

Texas Music Theatre Company is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in February 2024, 2 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 December 2023, Texas Music Theatre Company reported income of $179k and spending of $196k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $158k to $179k (+13%), an average of +13% a year. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Texas Music Theatre Company sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within TX. Charities of a similar size with the same main cause include Arts Mentorship Program Inc ($179k), American Topical Association Inc ($179k) and City Tavern Preservation Foundation ($179k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. At year end it held assets of $56k against liabilities of $67k, net assets of -$10k.