Lobby Theatre Inc

Analysis

Lobby Theatre Inc is a registered charity in United States, based in Agoura Hills, CA. It received its IRS tax-exemption ruling in July 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, Lobby Theatre Inc reported income of $80k and spending of $67k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $50k to $80k (+59%), an average of +59% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 53% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lobby Theatre Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within CA. Charities of a similar size with the same main cause include Greensburg Civic Theatre ($80k), Gulfport Main Street Association ($80k) and Danzarts ($80k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $61k against liabilities of $0, net assets of $61k.