Lights Up Theater

Analysis

Lights Up Theater is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in November 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, Lights Up Theater reported income of $222k and spending of $265k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $264k to $222k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lights Up Theater sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include The Oxford Museum Inc ($222k), Zbigniew Herbert Polish Supplementary School of Li Inc ($222k) and City of Erie Cable TV Access Corporation ($222k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $85k (32% of expenses). At year end it held assets of $80k against liabilities of $0, net assets of $80k.