LA Mama Experimental Theatre Club Inc

Analysis

LA Mama Experimental Theatre Club Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1967, 59 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, LA Mama Experimental Theatre Club Inc reported income of $7.5m and spending of $3.9m, leaving 48% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.9m to $7.5m (+54%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 93%. Over the whole period it spent 43% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, LA Mama Experimental Theatre Club Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include McWane Science Center ($7.5m), Dance Theatre of Harlem Inc ($7.5m) and Patuxent Partnership Inc ($7.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $155k (3.9% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $31.3m against liabilities of $7.1m, net assets of $24.2m. It reported 100 employees.