LA Theatre Works

Analysis

LA Theatre Works is a registered charity in United States, based in Venice, CA. It received its IRS tax-exemption ruling in October 1974, 52 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 June 2023, LA Theatre Works reported income of $2.2m and spending of $1.8m, spending 82% of its income. Across the 5 years on record, from September 2019 to June 2023, income grew from $2.0m to $2.2m (+10%), an average of +2.5% a year. The sharpest change came in the year to June 2023, when income rose by 57%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, LA Theatre Works sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Na Nizhoozhi Center Inc ($2.2m), Arrowhead Regional Medical Center Foundation ($2.2m) and Jewish Federation of Palm Springs and Desert Area ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $79k (4.3% of expenses). Other salaries and wages came to $505k. At year end it held assets of $2.1m against liabilities of $731k, net assets of $1.4m. It reported 17 employees.