Lake Worth Playhouse Inc

Analysis

Lake Worth Playhouse Inc is a registered charity in United States, based in Lake Worth, FL. It received its IRS tax-exemption ruling in February 1955, 71 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, Lake Worth Playhouse Inc reported income of $761k and spending of $930k, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $850k to $761k (-10%), an average of -2.7% a year. The sharpest change came in the year to June 2022, when income rose by 133%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lake Worth Playhouse 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 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include McPherson Opera House Company ($761k), Plum Street Temple Historic Preservation Fund ($762k) and Bulk Space ($761k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $113k (12% of expenses). Other salaries and wages came to $248k. At year end it held assets of $868k against liabilities of $265k, net assets of $603k. It reported 15 employees.