Oil Lamp Theater NFP

Analysis

Oil Lamp Theater NFP is a registered charity in United States, based in Glenview, IL. It received its IRS tax-exemption ruling in March 2013, 13 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 2023, Oil Lamp Theater NFP reported income of $505k and spending of $504k, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $371k to $505k (+36%), an average of +11% a year. The sharpest change came in the year to December 2023, 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, Oil Lamp Theater NFP sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include Childrens Theatre of Annapolis Inc ($505k), American Opera Projects Inc ($505k) and Lubbock Community Theatre Inc ($505k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Other salaries and wages came to $212k. At year end it held assets of $37k against liabilities of $64k, net assets of -$27k. It reported 67 employees.