Los Angeles Performance Practice

Analysis

Los Angeles Performance Practice is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2017, 9 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, Los Angeles Performance Practice reported income of $1.4m and spending of $1.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $631k to $1.4m (+117%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 121%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Los Angeles Performance Practice sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Parlando Incorporated ($1.4m), Pig Iron Theatre Company Inc ($1.4m) and Newark Sport and Event Commission ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 7.2% of the total. Compensation of current officers, directors and key employees was $195k (14% of expenses). Other salaries and wages came to $119k. At year end it held assets of $187k against liabilities of $183k, net assets of $3,574.