Iama Theatre Company

Analysis

Iama Theatre Company is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 2016, 10 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 June 2023, Iama Theatre Company reported income of $459k and spending of $762k, spending 166% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $287k to $459k (+60%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 63%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Iama Theatre Company sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Aliana Ecuatoriana Internacional ($458k), Brattleboro Community Television Inc ($459k) and The Annapolis Chorale Inc ($458k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 17% of the total. Other salaries and wages came to $336k. At year end it held assets of $1.7m against liabilities of $92k, net assets of $1.6m. It reported 137 employees.