Lake County Theatre Company

Analysis

Lake County Theatre Company is a registered charity in United States, based in Lakeport, CA. It received its IRS tax-exemption ruling in January 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 June 2024, Lake County Theatre Company reported income of $58k and spending of $13k, leaving 78% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $25k to $58k (+136%), an average of +136% a year. The sharpest change came in the year to June 2024, when income rose by 136%. Over the whole period it spent 23% 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 County Theatre Company sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within CA. Charities of a similar size with the same main cause include Sagadahoc Preservation Inc ($58k), Buffalo Geological Society Inc ($58k) and Save Our Kids Music ($58k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 47% of the total. At year end it held assets of $205k against liabilities of $0, net assets of $205k.