The Looking Glass Theatre Co

Analysis

The Looking Glass Theatre Co is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in February 2021, 5 years ago. 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 2024, The Looking Glass Theatre Co reported income of $73k and spending of $75k, spending 103% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $23k to $73k (+218%), an average of +78% a year. The sharpest change came in the year to June 2024, when income rose by 389%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Looking Glass Theatre Co sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within LA. Charities of a similar size with the same main cause include PTA Delaware Congress ($73k), Virginia Congress of Parents and Teachers ($73k) and Vaks I Ltd ($73k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 2.4% and program service revenue 98% of the total. At year end it held assets of $2,878 against liabilities of $0, net assets of $2,878.