Cabrillo Music Theatre Inc

Analysis

Cabrillo Music Theatre Inc is a registered charity in United States, based in Thousand Oaks, CA. It received its IRS tax-exemption ruling in November 1995, 31 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 August 2023, Cabrillo Music Theatre Inc reported income of $1.8m and spending of $1.8m, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.4m to $1.8m (+29%), an average of +6.6% a year. The sharpest change came in the year to August 2020, when income dropped by 56%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cabrillo Music Theatre Inc 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 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Perkins Center for the Arts ($1.8m), California Anime Foundation ($1.8m) and Carolina Theatre of Greensboro Inc ($1.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $72k (4.0% of expenses). Other salaries and wages came to $412k. At year end it held assets of $87k against liabilities of $682k, net assets of -$595k. It reported 124 employees.