Allens Community Theatre

Analysis

Allens Community Theatre is a registered charity in United States, based in Allen, TX. It received its IRS tax-exemption ruling in September 2012, 14 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, Allens Community Theatre reported income of $205k and spending of $174k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $143k to $205k (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2022, when income rose by 62%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Allens Community Theatre sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include El Ingenio Inc ($205k), Avalon String Band Inc ($205k) and Ceny Centro Educativo Inc ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $4,825 (2.8% of expenses). At year end it held assets of $105k against liabilities of $224, net assets of $105k.