Blank Theatre Company

Analysis

Blank Theatre Company is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 1991, 35 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 July 2023, Blank Theatre Company reported income of $126k and spending of $190k, spending 151% of what it took in. Across the 3 years on record, from July 2019 to July 2023, income fell from $196k to $126k (-36%), an average of -20% a year. The sharpest change came in the year to July 2023, when income dropped by 39%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Blank Theatre Company sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 45th percentile within CA. Charities of a similar size with the same main cause include Auxiliary of John H Stoger Jr Hospital of Cook County ($126k), Sopris Barracuda Swim Team ($126k) and Wags and Wiggles Dog Rescue ($126k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 94% and program service revenue 3.5% of the total. At year end it held assets of $193k against liabilities of $83k, net assets of $110k.