Oak Park Festival Theatre

Analysis

Oak Park Festival Theatre is a registered charity in United States, based in Oak Park, IL. It received its IRS tax-exemption ruling in October 1975, 51 years ago. 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, Oak Park Festival Theatre reported income of $290k and spending of $360k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $257k to $290k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2021, when income rose by 138%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oak Park Festival Theatre sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within IL. Charities of a similar size with the same main cause include Hickory Landmarks Society Inc ($290k), New Canaan Volunteer Ambulance Corps Inc ($290k) and Spokane Youth Symphony Inc ($290k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $48k (13% of expenses). Other salaries and wages came to $107k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 9 employees.