Oakland Theater Project

Analysis

Oakland Theater Project is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in June 2018, 8 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 December 2023, Oakland Theater Project reported income of $488k and spending of $361k, leaving 26% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income grew from $343k to $488k (+42%), an average of +7.3% a year. The sharpest change came in the year to June 2023, when income rose by 54%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Oakland Theater Project sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Music Academy NFP ($487k), Illinois Restaurant Association Educational Foundation Inc ($488k) and State Fair of Virginia Inc ($487k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $63k (17% of expenses). Other salaries and wages came to $143k. It paid $1,913 in professional fundraising fees. At year end it held assets of $482k against liabilities of $241k, net assets of $241k. It reported 66 employees.