Historic Lansdowne Theater Corporation

Analysis

Historic Lansdowne Theater Corporation is a registered charity in United States, based in Lansdowne, PA. It received its IRS tax-exemption ruling in November 2007, 19 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Historic Lansdowne Theater Corporation reported income of $2.0m and spending of $400k, leaving 80% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $193k to $2.0m (+927%), an average of +79% a year. The sharpest change came in the year to December 2023, when income rose by 1351%. Over the whole period it spent 34% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Lansdowne Theater Corporation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within PA. Charities of a similar size with the same main cause include Goodtime Chinese School ($2.0m), Frances Perkins Center ($2.0m) and Thalian Hall Center for Performing Arts Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $260k (65% of expenses). At year end it held assets of $10.5m against liabilities of $7.6m, net assets of $2.9m. It reported 1 employees.