L a Public Theatre Inc

Analysis

L a Public Theatre Inc is a registered charity in United States, based in Lewiston, ME. It received its IRS tax-exemption ruling in February 1992, 34 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 June 2023, L a Public Theatre Inc reported income of $894k and spending of $863k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $797k to $894k (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2022, when income rose by 83%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, L a Public Theatre Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within ME. Charities of a similar size with the same main cause include 1619 Freedom School ($894k), Moanolua Gardens Foundation Inc ($894k) and Miami-Dade North Arts & Humanities Foundation Inc ($894k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $64k (7.4% of expenses). At year end it held assets of $1.8m against liabilities of $46k, net assets of $1.8m. It reported 33 employees.