Lookingglass Theatre Company

Analysis

Lookingglass Theatre Company is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1994, 32 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 August 2023, Lookingglass Theatre Company reported income of $6.0m and spending of $4.8m, spending 81% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $4.8m to $6.0m (+24%), an average of +5.5% a year. The sharpest change came in the year to August 2023, when income rose by 55%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lookingglass Theatre Company 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 IL. Charities of a similar size with the same main cause include Literary Classics of the United States Inc ($6.0m), Council for Economic Education ($6.0m) and Immigration Institute of the Bay Area ($6.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 82% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $255k (5.3% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $4.0m against liabilities of $1.1m, net assets of $2.9m. It reported 234 employees.