Skip to content

California · Nonprofit

WACO THEATER CENTER

WACO THEATER CENTER (California) receives grants from 25 organizations whose IRS filings report $7,791,671 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($6,750,000). 5 of them have funded it in more than one year, and 90% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2025
$144k
Funders on record
25
Grants received
$7.8M
Net assets
$1.2M
5/25 repeat funderspeak grant-dependency 84%
01What it does

What Waco Theater Center does

Mission

Waco (where art can occur) theater center is a performing and visual arts organization that presents, commissions and develops artistic works dedicated to stories of the african diaspora. Co-founded by richard lawson and tina knowles, waco provides artists and young people a platform to voice and showcase their creativity to connect and inspire others. Waco's artistic and education programs are driven by four values. We create work that unapologetically: centers black art and culture from a diasporic lens and voice; incubates and launches new creative ideas to memorialize the past and envision the future of black life; is collaborative and leads with an ubuntu mindset, "I am, because we are- and serves the needs of the community including the social, economic, and civic priorities of our neighbors and black los angeles. Now in our eighth season, we have continued to elevate an emphasis on the history of the african diaspora and culture in our programming. We firmly believe in the power

As stated on its FY2025 Form 990.

Programs

  1. Waco's most ambitious programmatic undertaking of fy25 was the continued development of still here - a dual-platform creative intervention that exists at the intersection of art, advocacy, and public health. Still here is both a written publication and a live performance experience, and together they form a powerful, unapologetic response to one of the most underreported health crises facing black women today: the rising rate of hiv diagnoses in black communities across the country. The still here magazine was completed for printing during this fiscal year - a landmark achievement representing months of creative labor and community collaboration. The publication features stories commissioned from 32 black women writers, each bringing a distinct voice, perspective, and lived experience to the page. The result is not a clinical health resource. It is a living document - part anthology, part resource guide, part love letter to black women - that meets readers with honesty, dignity, and care. The magazine is designed to reduce stigma, spark conversation, and affirm the lives of women who have too often been rendered invisible in both mainstream media and public health discourse.…

    $1,205,734 spent
    76% of program spending
  2. Waco's education program, the angels and warriors mentorship program, is built on a simple but radical belief: every young person deserves to be seen, supported, and equipped to pursue their fullest potential. The program provides comprehensive wrap-around services designed to facilitate personal development and growth for young people from 8th grade through college - meeting them where they are and walking alongside them as they grow. At the core of angels and warriors is the work of helping young people identify their dreams and then building the clarity, discipline, and skill to actually achieve them. This is not a passive program. It is an active, relational investment in the next generation of black artists, leaders, and change-makers. Through mentorship, participants develop not only artistic skills but the confidence and self-awareness to navigate the world on their own terms. The program curriculum is intentionally expansive - extending beyond classroom walls through off-site field trips, hands-on workshops, and meaningful encounters with guest artists. These experiences expose young people to the full breadth of careers available in the arts while fostering a deep…

    $180,198 spent
    11% of program spending
  3. As waco deepens its roots in leimert park ahead of our venue transition, our community engagement program this year was anchored by the our vision portrait and archive campaign - an expansive, participatory initiative dedicated to documenting the spirit, faces, and stories of the leimert park community in a permanent, publicly accessible archive. The campaign was built on the conviction that community members are not just the audience for art - they are the art itself. Every portrait, every oral history, every planning conversation was an act of cultural preservation, ensuring that the people who have shaped this neighborhood are seen, honored, and remembered. The results speak to the depth of community trust and participation the campaign generated: 135+ portraits were captured, each one a testament to the presence, beauty, and resilience of leimert park's community members. These are not passive images - they are declarations of existence, gathered with intention and care. 60 mini oral histories were collected through intimate conversations with participants - preserving personal narratives, neighborhood memories, and community wisdom that might otherwise go undocumented. The…

    $111,750 spent
    7% of program spending
  4. During this fiscal year, waco made significant investments in organizational infrastructure to ensure that our transition to the vision theatre is not only successful, but sustainable. We recognize that a move of this magnitude requires more than enthusiasm and artistic vision - it requires sound planning, strong governance, diversified financial strategy, and the leadership capacity to steward a complex, multi-program institution at a new level of scale. Becoming the vision is the work of building all of those things at once. To guide this process, waco engaged experienced planning consultants whose expertise spans nonprofit organizational development, arts administration, and institutional capacity building. These partnerships were not transactional. They were deeply collaborative engagements designed to align our organizational structure with the ambition and responsibility of operating a major performing arts complex in one of los angeles' most historically significant cultural corridors. The work this fiscal year centered on three interconnected areas of development: business planning. Waco worked with consultants to develop a comprehensive business plan that charts a clear…

    $88,670 spent
    6% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $1,586,352.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($773k) Expenses 100 ($320k) Net assets 100 ($451k)2018 Revenue 190 ($1.5M) Expenses 289 ($922k) Net assets 221 ($996k)2019 Revenue 213 ($1.6M) Expenses 371 ($1.2M) Net assets 323 ($1.5M)2020 Revenue 322 ($2.5M) Expenses 498 ($1.6M) Net assets 525 ($2.4M)2021 Revenue 403 ($3.1M) Expenses 578 ($1.8M) Net assets 803 ($3.6M)2022 Revenue 582 ($4.5M) Expenses 891 ($2.8M) Net assets 1158 ($5.2M)2023 Revenue 241 ($1.9M) Expenses 1158 ($3.7M) Net assets 817 ($3.7M)2024 Revenue 173 ($1.3M) Expenses 620 ($2.0M) Net assets 686 ($3.1M)2025 Revenue 19 ($144k) Expenses 629 ($2.0M) Net assets 272 ($1.2M)
'17'18'19'20'21'22'23'24'25
Revenue (19)Expenses (629)Net assets (272)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $3.4M to $1.3M (−61%).

$716k
$1.2M
$1.8M
$2.8M
$4.1M
$5.6M
$4.0M
$3.4M
$1.3M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2021 3% · 2022 1% · 2023 16% · 2024 21% · 2025 23%. Grants only. Government contracts and fees sit inside program revenue.

34% of WACO THEATER CENTER’s revenue is contributions — about as donation-reliant as the typical peer (64% for the typical peer).

This organization
Typical peer · 19,547 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 9 reported years ran a deficit.

$453k
’17
$546k
’18
$459k
’19
$897k
’20
$1.3M
’21
$1.7M
’22
−$1.8M
’23
−$643k
’24
−$1.9M
’25
4.4
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

'17'18'19'20'21'22'23'24'25
Listed888877778
Joined·+0+0+2+1+0+0+0+2
No longer listed·00220001
03Who funds it

Who funds it, year by year

2017 → 2023: the base narrowed from 5 funders to 3 funders, grant income rose $66k → $80k.

7 of 25 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 90% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of WACO THEATER CENTER’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

WACO THEATER CENTER leans on a few funders — its largest provides 87% of grant income and the top three 90%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

94% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund WACO THEATER CENTER.

87%
largest funder
90%
top three
~1
effective funders

Largest funder’s share by year: 2017 38% · 2018 63% · 2019 33% · 2020 91% · 2021 96% · 2022 74% · 2023 75% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

8% of WACO THEATER CENTER's funders are still giving 3 years after their first grant; 20% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

90% of WACO THEATER CENTER's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $808k that is directly attributable, 72% of it comes from funders outside California, across 9 states.

NY
MA
PA
NJ
CA
KY
DC
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’22
’23
California out of state home

Funder states come from each funder’s own filing. $7.0M arriving through sponsors registered in 7 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

WACO THEATER CENTER's revenue fell 81% between 2017 and 2025.

Operating margin−1297% · bottom quartile
Months of reserve4.4mo · below the median
Revenue growth (annualized)−19% · bottom quartile

this organization peer median middle 50% of peers· 11,634 arts & culture nonprofits $100k–$1M, FY2025

Government funding WACO THEATER CENTER receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $10k on record.

Federal$10k
grants $10kcontracts $0
Top agencies
  • National Endowment for the Arts$10k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like WACO THEATER CENTER

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In California

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

79% of spending goes to programs.

Program 79%Management 18%Fundraising 3%

Governance

6
board members
83%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990–Audited financials

Public support

48%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

CA

Screen this organization

A dated, signed PDF of the compliance screen for WACO THEATER CENTER: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds WACO THEATER CENTER?
WACO THEATER CENTER (California) receives grants from 25 organizations whose IRS filings report $7,791,671 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($6,750,000). 5 of them have funded it in more than one year, and 90% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does WACO THEATER CENTER have?
IRS filings report 25 organizations giving $7,791,671 in grants to WACO THEATER CENTER, 5 of which have funded it in more than one year.
Who is the largest funder of WACO THEATER CENTER?
FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $6,750,000 in grants. The full list of funders is on this page.
How can an organization like WACO THEATER CENTER find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in California. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Waco Theater Center →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 25 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing