Theatre Lawrence Inc

Analysis

Theatre Lawrence Inc is a registered charity in United States, based in Lawrence, KS. It received its IRS tax-exemption ruling in August 1979, 47 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 July 2023, Theatre Lawrence Inc reported income of $800k and spending of $800k, spending 100% of its income. Across the 6 years on record, from July 2014 to July 2023, income fell from $1.3m to $800k (-41%), an average of -9.9% a year. The sharpest change came in the year to July 2022, when income rose by 71%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theatre Lawrence Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within KS. Charities of a similar size with the same main cause include Pennsylvania Music Educators Association ($800k), Artists Council ($800k) and Alice and Eleonore Schoenfeld International Music Society Inc ($800k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Other salaries and wages came to $648k. At year end it held assets of $5.1m against liabilities of $0, net assets of $5.1m. It reported 24 employees.