Lumina Studio Theatre

Analysis

Lumina Studio Theatre is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in May 2002, 24 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, Lumina Studio Theatre reported income of $396k and spending of $233k, leaving 41% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $336k to $396k (+18%), an average of +4.2% a year. The sharpest change came in the year to July 2023, when income rose by 57%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lumina Studio Theatre sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MD. Charities of a similar size with the same main cause include Charleston Artist Guild ($396k), Potosi Foundation Inc ($396k) and New England Quilt Museum ($396k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 61% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $108k (46% of expenses). At year end it held assets of $314k against liabilities of $12k, net assets of $303k. It reported 2 employees.