The Open Fist Theatre Company Inc

Analysis

The Open Fist Theatre Company Inc is a registered charity in United States, based in Van Nuys, CA. It received its IRS tax-exemption ruling in August 1992, 34 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, The Open Fist Theatre Company Inc reported income of $291k and spending of $368k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $221k to $291k (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Open Fist Theatre Company Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Cambodia Town Inc ($291k), Honor Flight New England ($291k) and Heritage Square Foundation ($291k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. Other salaries and wages came to $79k. At year end it held assets of $139k against liabilities of $63k, net assets of $76k. It reported 11 employees.