Fountain Theatre

Analysis

Fountain Theatre is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 2020, 6 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fountain Theatre reported income of $1.2m and spending of $1.3m, spending 105% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $575k to $1.2m (+109%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 111%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fountain Theatre sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Victory House of Lehigh Valley ($1.2m), Community Aid & Development Corporation ($1.2m) and Casa de Ninos Manuel Fernandez Juncos Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $175k (14% of expenses). Other salaries and wages came to $561k. At year end it held assets of $816k against liabilities of $165k, net assets of $651k. It reported 113 employees.