Theatre of Note

Analysis

Theatre of Note is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 1984, 42 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 December 2023, Theatre of Note reported income of $95k and spending of $84k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $46k to $95k (+106%), an average of +106% a year. The sharpest change came in the year to December 2023, when income rose by 106%. Over the whole period it spent 95% 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 of Note sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 38th percentile within CA. Charities of a similar size with the same main cause include Oriki Arts ($95k), Mariemont Players Inc ($95k) and Ravel Dance Company Inc ($95k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 26% of the total. At year end it held assets of $79k against liabilities of $0, net assets of $79k.