The Laguna Playhouse

Analysis

The Laguna Playhouse is a registered charity in United States, based in Laguna Beach, CA. It received its IRS tax-exemption ruling in September 1948, 78 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, The Laguna Playhouse reported income of $5.2m and spending of $6.3m, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.9m to $5.2m (-24%), an average of -6.7% a year. The sharpest change came in the year to June 2022, when income rose by 151%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Laguna Playhouse sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Stages ($5.2m), Latinos Progresando ($5.2m) and NBCC Foundation Inc ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $425k (6.7% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $7.6m against liabilities of $2.7m, net assets of $4.9m. It reported 82 employees.