Local Theater Company

Analysis

Local Theater Company is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in December 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Local Theater Company reported income of $445k and spending of $405k, spending 91% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $289k to $445k (+54%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 38%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Local Theater Company sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within CO. Charities of a similar size with the same main cause include Topaz Museum ($445k), Muzeo Foundation ($445k) and Hawaii Ballet Theatre for Youth ($445k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 88% and program service revenue 12% of the total. Other salaries and wages came to $143k. At year end it held assets of $196k against liabilities of $202k, net assets of -$5,662. It reported 7 employees.