Lower Depth Theatre Ensemble

Analysis

Lower Depth Theatre Ensemble is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 2022, 4 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, Lower Depth Theatre Ensemble reported income of $107k and spending of $113k, spending 105% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $165k to $107k (-35%), an average of -36% a year. The sharpest change came in the year to June 2023, when income dropped by 35%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lower Depth Theatre Ensemble sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within CA. Charities of a similar size with the same main cause include Celebrate Nashville ($107k), Create Conway ($107k) and Adaland Mansion Development Inc ($107k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. At year end it held assets of $23k against liabilities of $69k, net assets of -$46k.