Jewel Theatre Company

Analysis

Jewel Theatre Company is a registered charity in United States, based in Santa Cruz, CA. It received its IRS tax-exemption ruling in September 2006, 20 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Jewel Theatre Company reported income of $1.6m and spending of $1.5m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.6m (+5.6%), an average of +1.4% a year. The sharpest change came in the year to June 2022, when income rose by 146%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Jewel Theatre Company sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Friends of the Texas Historical Commission Inc ($1.6m), New Ballet School Downtown San Jose Inc ($1.6m) and Indianapolis Ballet Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $71k (4.8% of expenses). Other salaries and wages came to $564k. At year end it held assets of $703k against liabilities of $79k, net assets of $625k. It reported 86 employees.