Texas Comedies

Analysis

Texas Comedies is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in August 2020, 6 years ago. 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 Comedies reported income of $55k and spending of $77k, spending 140% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $61k to $55k (-8.9%), an average of -8.9% a year. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Texas Comedies sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 22nd percentile within TX. Charities of a similar size with the same main cause include Federal Bar Foundation of Detroit ($55k), Islamic Education Center of Tampa Inc ($55k) and North Canton Hoover High School Sideliners Inc ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 9.0% and program service revenue 45% of the total. At year end it held assets of $34k against liabilities of $0, net assets of $34k.