Theatre at Boston Court

Analysis

Theatre at Boston Court is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in March 2008, 18 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, Theatre at Boston Court reported income of $1.3m and spending of $2.0m, spending 152% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.1m to $1.3m (+13%), an average of +2.5% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 114% 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 at Boston Court sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include O Miami Inc ($1.3m), The Louisiana Music and Heritage Experience Inc ($1.3m) and Japanese Cultural & Community Center of Northern California ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 9.5% of the total. Compensation of current officers, directors and key employees was $151k (7.7% of expenses). Other salaries and wages came to $685k. At year end it held assets of $914k against liabilities of $102k, net assets of $811k. It reported 141 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.