Lakewood Theatre Company

Analysis

Lakewood Theatre Company is a registered charity in United States, based in Lake Oswego, OR. It received its IRS tax-exemption ruling in January 1961, 65 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 June 2023, Lakewood Theatre Company reported income of $2.6m and spending of $2.6m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.6m (+31%), an average of +7.1% a year. The sharpest change came in the year to June 2022, when income rose by 163%. Over the whole period it spent 90% 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 Theatre Company sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within OR. Charities of a similar size with the same main cause include Faith and Politics Institute ($2.6m), Ramsey County Historical Society Inc ($2.6m) and Western New York Technology Development Center Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $146k (5.7% of expenses). Other salaries and wages came to $513k. At year end it held assets of $5.6m against liabilities of $449k, net assets of $5.1m. It reported 42 employees.