Lakewood Community Players

Analysis

Lakewood Community Players is a registered charity in United States, based in Lakewood, WA. It received its IRS tax-exemption ruling in June 1942, 84 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 July 2024, Lakewood Community Players reported income of $197k and spending of $350k, spending 178% of what it took in. Across the 6 years on record, from July 2019 to July 2024, income fell from $408k to $197k (-52%), an average of -14% a year. The sharpest change came in the year to July 2024, when income dropped by 52%. 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, Lakewood Community Players sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within WA. Charities of a similar size with the same main cause include Ballet Ensemble of Texas ($197k), Coast Live Music Inc ($197k) and Haida Roots ($196k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 48% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $42k (12% of expenses). Other salaries and wages came to $56k. At year end it held assets of $262k against liabilities of $33k, net assets of $229k. It reported 11 employees.