Celebration Productions Corporation

Analysis

Celebration Productions Corporation is a registered charity in United States, based in Hollywood, CA. It received its IRS tax-exemption ruling in March 2018, 8 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 2023, Celebration Productions Corporation reported income of $684k and spending of $458k, leaving 33% of income unspent that year. Across the 4 years on record, from December 2018 to June 2023, income grew from $360k to $684k (+90%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 172%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Celebration Productions Corporation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include The 1932 Criterion Theatre ($684k), Man 2 Man Fatherhood Initiative of Marlboro County ($685k) and Art Works Studio School Inc ($684k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $112k (24% of expenses). Other salaries and wages came to $163k. At year end it held assets of $336k against liabilities of $40k, net assets of $296k. It reported 45 employees.