IRVING COMMUNITY THEATER INC
Mission Statement
MainStage Irving-Las Colinas supports the City of Irving's efforts to improve the quality of life for its citizens by providing: **Quality theatre to the Irving-Las Colinas community through the organization of qualified individuals; **Affordable theatre to the Irving-Las Colinas community as a result of MainStage's all volunteer organization; **Entertaining theater to the Irving-Las Colinas community through careful selection of material presented; **Opportunities for involvement by the community in all areas of theatrical production, open auditions, mentoring, and special project support; and **The Irving-Las Colinas community with the benefit of top local volunteer and professional expertise in all areas of theatrical production and arts management through the ability to involve participants from many disciplines.
Financial Overview — FY 2025
Compared with Peers
FY 2025| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
61.1% | 81.9% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
24.8% | 13.7% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
14.1% | 0.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
3.6 mo | 9.4 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
6.4% | 1.5% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
52.8% | 77.2% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
13.9% | 6.7% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
19.6% | 5.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
0.5% | 2.4% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $324K | $322K | $96K | 61.1% | 1 |
| 2024 | $284K | $270K | $95K | 45.8% | 2 |
| 2023 | $265K | $324K | $80K | 68.4% | 2 |
| 2022 | $321K | $337K | $139K | 67.6% | 2 |
| 2021 | $545K | $232K | N/A | — | 2 |
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