Center Theatre Group of Los Angeles

Analysis

Center Theatre Group of Los Angeles is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 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, Center Theatre Group of Los Angeles reported income of $45.6m and spending of $58.2m, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $64.3m to $45.6m (-29%), an average of -8.2% a year. The sharpest change came in the year to June 2022, when income rose by 172%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Center Theatre Group of Los Angeles sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include American Theatre Guild ($45.4m), North Carolina Performing Arts Center at Charlotte Foundation ($45.7m) and International Center of Insect Physiology and Ecology ($45.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $1.4m (2.3% of expenses). Other salaries and wages came to $20.6m. At year end it held assets of $80.7m against liabilities of $22.6m, net assets of $58.1m. It reported 949 employees.