Austin Rainbow Theatre

Analysis

Austin Rainbow Theatre is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in December 2022, 4 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 August 2024, Austin Rainbow Theatre reported income of $88k and spending of $78k, spending 88% of its income. Across the 2 years on record, from August 2023 to August 2024, income grew from $14k to $88k (+509%), an average of +509% a year. The sharpest change came in the year to August 2024, when income rose by 509%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Austin Rainbow Theatre sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within TX. Charities of a similar size with the same main cause include American Bach Society ($88k), Garden State Scholastic Esports ($88k) and Darlene Johnson Foundation ($88k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 75% and program service revenue 25% of the total. Other salaries and wages came to $31k. At year end it held assets of $24k against liabilities of $7,000, net assets of $17k.