Passes our checks

The Plaza Theatre Inc

EIN 76-0319276 · Wharton, TX

Public records show a registered, tax-exempt organization in good standing.

What it says it does

SCHEDULE O

Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Good: 81 out of 100. Higher than 62% of charities in its peer group (arts and culture, under $250k).

Reserves
35 of 35
Spendable reserves would cover 49.0 months of spending.
Debt
16 of 20
It owes 16% of what it owns.
Living within its means
0 of 15
Spending exceeded income by 35% of income.
Income trend
15 of 15
Income rose 21% on the year before.
Spending floor
15 of 15
100% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Good: 81 out of 100. Higher than 73% of charities in its peer group (arts and culture, under $250k).

Independent board
25 of 25
14 of 14 voting board members are independent.
Conflict of interest policy
15 of 15
Has a written conflict of interest policy.
Whistleblower policy
0 of 8
Reports no written whistleblower policy.
Record keeping policy
0 of 7
Reports no written policy on keeping and destroying records.
Board minutes
5 of 5
Keeps minutes of board meetings.
Board sees the tax return
10 of 10
Gave the board a copy of this return before filing it.
No reported misuse
10 of 10
Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)

$305,176 spent. SEVERAL LIVE PLAYS, MUSICALS, COMMUNITY THEATRE EVENTS, AND SPECIAL PERFORMANCES ARE HELD EACH YEAR AT THE PLAZA. NET REVENUES GENERATED BY THE PRODUCTIONS ARE USED FOR THE CONTINUING PROJECT OF RESTORING THE HISTORICAL PLAZA THEATRE BUILDING IN WHICH THE PRODUCTIONS ARE PRESENTED. A PORTION OF THE NET REVENUES ARE ALSO USED TO FUND FUTURE PRODUCTIONS.

Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending September 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since January 1991.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.