Theatre of Hearts Inc

Analysis

Theatre of Hearts Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 1987, 39 years ago. 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 Hearts Inc reported income of $629k and spending of $469k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $495k to $629k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Theatre of Hearts Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($629k), Red Cedar School Inc ($629k) and New York Center for Liver Transplantation Inc ($629k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $80k (17% of expenses). Other salaries and wages came to $109k. At year end it held assets of $1.1m against liabilities of $6,137, net assets of $1.1m. It reported 7 employees.