Latinus Theater Experience Company

Analysis

Latinus Theater Experience Company is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in May 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 December 2023, Latinus Theater Experience Company reported income of $233k and spending of $182k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $179k to $233k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Latinus Theater Experience Company sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within OH. Charities of a similar size with the same main cause include Panic Productions ($233k), A Public Fit Corporation ($233k) and Sarah Mack Scicomm Inc ($233k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $38k (21% of expenses). Other salaries and wages came to $41k. At year end it held assets of $169k against liabilities of $960, net assets of $168k. It reported 1 employees.