Theater 150

Analysis

Theater 150 is a registered charity in United States, based in Ojai, CA. It received its IRS tax-exemption ruling in November 2001, 25 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 July 2023, Theater 150 reported income of $71k and spending of $137k, spending 193% of what it took in. Across the 2 years on record, from July 2022 to July 2023, income grew from $55k to $71k (+28%), an average of +28% a year. The sharpest change came in the year to July 2023, when income rose by 28%. Over the whole period it spent 165% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theater 150 sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within CA. Charities of a similar size with the same main cause include Sea Friends Incorporated ($71k), Pamlico Musical Society ($71k) and Kettle Creek Festival ($71k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. At year end it held assets of $5,980 against liabilities of $75k, net assets of -$69k.