Theatre Forty Inc

Analysis

Theatre Forty Inc is a registered charity in United States, based in Beverly Hills, CA. It received its IRS tax-exemption ruling in November 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 2024, Theatre Forty Inc reported income of $392k and spending of $406k, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2024, income grew from $275k to $392k (+43%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theatre Forty Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Wise Wonders Childrens Museum Inc ($392k), Portland Drama Club ($392k) and Dallas Center for the Performing Arts Endowment Inc ($392k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 49% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $60k (15% of expenses). Other salaries and wages came to $19k. At year end it held assets of $46k against liabilities of $1,482, net assets of $44k. It reported 1 employees.