Lompoc Theatre Project Corporation

Analysis

Lompoc Theatre Project Corporation is a registered charity in United States, based in Lompoc, CA. It received its IRS tax-exemption ruling in May 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, Lompoc Theatre Project Corporation reported income of $205k and spending of $100k, leaving 51% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $326k to $205k (-37%), an average of -21% a year. The sharpest change came in the year to December 2022, when income dropped by 35%. Over the whole period it spent 32% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lompoc Theatre Project Corporation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include General Richard Butler Vagabonds Junior Drum and Bugle Corps ($205k), Just Facts Inc ($205k) and Pleasantville Community Television Inc ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $32k (32% of expenses). At year end it held assets of $583k against liabilities of $84, net assets of $583k. It reported 1 employees.