Luminal Theater Corp

Analysis

Luminal Theater Corp is a registered charity in United States, based in Blythewood, SC. It received its IRS tax-exemption ruling in January 2020, 6 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 December 2023, Luminal Theater Corp reported income of $63k and spending of $95k, spending 151% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $81k to $63k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 125% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Luminal Theater Corp sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 31st percentile within SC. Charities of a similar size with the same main cause include Arts of Snohomish ($63k), Hola Hora Latina ($63k) and Oil Region Ballet Company ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. At year end it held assets of $27k against liabilities of $0, net assets of $27k.