Irvine Barclay Theatre Operating Co

Analysis

Irvine Barclay Theatre Operating Co is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in April 1986, 40 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, Irvine Barclay Theatre Operating Co reported income of $6.0m and spending of $6.9m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.0m to $6.0m (+0.1%), an average of +0.0% a year. The sharpest change came in the year to June 2022, when income rose by 158%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Irvine Barclay Theatre Operating Co sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Pittsburgh Glass Center Inc ($6.0m), Pittsburgh Public Theater Corporation ($6.0m) and Manhattan Community Access Corporation ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $421k (6.1% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $7.8m against liabilities of $1.6m, net assets of $6.3m. It reported 136 employees.