Oceanside Theatre Company

Analysis

Oceanside Theatre Company is a registered charity in United States, based in Oceanside, CA. It received its IRS tax-exemption ruling in April 2011, 15 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 December 2023, Oceanside Theatre Company reported income of $494k and spending of $669k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $271k to $494k (+83%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 195%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Oceanside Theatre Company sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Electronic Music Education & Preservation Project ($494k), Tangler American Legation Institute for Moroccan Studies ($495k) and Prospect Theater Company Inc ($494k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $88k (13% of expenses). Other salaries and wages came to $50k. At year end it held assets of $241k against liabilities of $206k, net assets of $35k. It reported 66 employees.