Santa Monica Group Theatre

Analysis

Santa Monica Group Theatre is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in June 1966, 60 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, Santa Monica Group Theatre reported income of $473k and spending of $386k, spending 82% of its income. Across the 4 years on record, from June 2019 to June 2023, income fell from $477k to $473k (-0.9%), an average of -0.3% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Santa Monica Group Theatre sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include African Film Festival ($473k), Allegro Choirs of Kansas City Inc ($473k) and Ballet Theatre of Ashburn Inc ($473k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 39% of the total. Other salaries and wages came to $88k. At year end it held assets of $529k against liabilities of $553k, net assets of -$23k.