Los Angeles Theatresports Inc

Analysis

Los Angeles Theatresports Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 1995, 31 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, Los Angeles Theatresports Inc reported income of $334k and spending of $342k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $383k to $334k (-13%), an average of -3.4% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Los Angeles Theatresports Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Havre de Grace Decoy Museum Inc ($334k), Third Law Dance-Theater Inc ($334k) and India Temple Association Cultural Center Inc ($334k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 53% of the total. Other salaries and wages came to $142k. At year end it held assets of $19k against liabilities of $11k, net assets of $7,907. It reported 31 employees.