The Shakespeare Center of Los Angeles Inc

Analysis

The Shakespeare Center of Los Angeles Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in December 1987, 39 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, The Shakespeare Center of Los Angeles Inc reported income of $5.2m and spending of $5.3m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $483k to $5.2m (+979%), an average of +81% a year. The sharpest change came in the year to September 2023, when income rose by 208%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Shakespeare Center of Los Angeles Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Future Business Leaders of America- Inc ($5.2m), Sauer Health Care ($5.2m) and San Francisco Film Society ($5.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $116k (2.2% of expenses). Other salaries and wages came to $649k. At year end it held assets of $18.3m against liabilities of $16.7m, net assets of $1.5m. It reported 87 employees.