Geffen Playhouse Inc

Analysis

Geffen Playhouse Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 1996, 30 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Geffen Playhouse Inc reported income of $13.6m and spending of $19.6m, spending 144% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $13.0m to $13.6m (+4.5%), an average of +1.1% a year. The sharpest change came in the year to August 2022, when income rose by 129%. 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, Geffen Playhouse Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Fort Worth Symphony Orchestra Association Inc ($13.6m), American Radio Relay League Inc ($13.7m) and The High Desert Museum ($13.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 54% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $803k (4.1% of expenses). It paid $62k in professional fundraising fees. At year end it held assets of $27.1m against liabilities of $5.1m, net assets of $22.0m. It reported 341 employees.