Garry Marshall Theatre

Analysis

Garry Marshall Theatre is a registered charity in United States, based in Burbank, CA. It received its IRS tax-exemption ruling in September 2017, 9 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 August 2023, Garry Marshall Theatre reported income of $930k and spending of $967k, spending 104% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.0m to $930k (-11%), an average of -2.9% a year. The sharpest change came in the year to August 2021, when income rose by 117%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Garry Marshall Theatre sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Museum of Northwest Art ($929k), Christ Church Preservation Trust ($930k) and Gullah-Geechee Cultural Heritage Corridor Commission ($929k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 39% and program service revenue 33% of the total. Other salaries and wages came to $496k. At year end it held assets of $1.1m against liabilities of $7,148, net assets of $1.1m. It reported 31 employees.