Skylight Theatre Company

Analysis

Skylight Theatre Company is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 1986, 40 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, Skylight Theatre Company reported income of $545k and spending of $841k, spending 154% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $803k to $545k (-32%), an average of -9.3% a year. The sharpest change came in the year to December 2020, when income dropped by 39%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Skylight Theatre Company sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Space on the Farm Inc ($545k), Lake Pontchartrain Basin Maritime Museum Inc ($545k) and Fort Dobbs Alliance Inc ($545k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $186k (22% of expenses). Other salaries and wages came to $216k. At year end it held assets of $194k against liabilities of $119k, net assets of $75k. It reported 54 employees.