Los Angeles Theatre Academy Inc

Analysis

Los Angeles Theatre Academy Inc is a registered charity in United States, based in Newhall, CA. It received its IRS tax-exemption ruling in January 2009, 17 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 December 2023, Los Angeles Theatre Academy Inc reported income of $231k and spending of $356k, spending 154% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $286k to $231k (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Los Angeles Theatre Academy Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Continuum Arts Collective ($231k), Northwest Rankin High School Choral Music Booster Club ($231k) and Huntingdon County Arts Council ($231k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $67k (19% of expenses). Other salaries and wages came to $64k. At year end it held assets of $18k against liabilities of $0, net assets of $18k. It reported 10 employees.