Lollipop Theater Network Inc

Analysis

Lollipop Theater Network Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Lollipop Theater Network Inc reported income of $484k and spending of $554k, spending 115% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $584k to $484k (-17%), an average of -3.7% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lollipop Theater Network Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Breaking Barrier - Hope Is Alive ($484k), Unlocking Futures Inc ($484k) and Uptown Association Inc ($484k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $144k (26% of expenses). Other salaries and wages came to $137k. At year end it held assets of $793k against liabilities of $68k, net assets of $724k. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.