Opening Night Theater Inc

Analysis

Opening Night Theater Inc is a registered charity in United States, based in Burbank, CA. It received its IRS tax-exemption ruling in March 2022, 4 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, Opening Night Theater Inc reported income of $242k and spending of $239k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $171k to $242k (+42%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Opening Night Theater Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Re Olds Museum Assoc Inc ($242k), Georgia Genealogical Society Inc ($242k) and Irule Dance Foundation ($242k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $111k (46% of expenses). At year end it held assets of $30k against liabilities of $0, net assets of $30k.