The Lamp Theatre Corporation

Analysis

The Lamp Theatre Corporation is a registered charity in United States, based in Irwin, PA. It received its IRS tax-exemption ruling in September 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 December 2023, The Lamp Theatre Corporation reported income of $1.1m and spending of $1.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $876k to $1.1m (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2021, when income rose by 182%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Lamp Theatre Corporation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Thalian Association of Wilmington Inc ($1.1m), Hudson River Maritime Museum ($1.1m) and Musical Bridges Around the World Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 74% of the total. Other salaries and wages came to $149k. At year end it held assets of $968k against liabilities of $5,064, net assets of $963k. It reported 4 employees.