Seasun Theatre Artist Group

Analysis

Seasun Theatre Artist Group is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 2019, 7 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, Seasun Theatre Artist Group reported income of $157k and spending of $233k, spending 148% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $389k to $157k (-60%), an average of -60% a year. The sharpest change came in the year to December 2023, when income dropped by 60%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Seasun Theatre Artist Group sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 50th percentile within CA. Charities of a similar size with the same main cause include Tibetan Association of Washington ($157k), Ebony Road Players ($157k) and Change 4 Love ($157k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Other salaries and wages came to $9,000. At year end it held assets of $64k against liabilities of $2,789, net assets of $61k. It reported 1 employees.