Towne Street Theatre

Analysis

Towne Street Theatre is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 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 December 2023, Towne Street Theatre reported income of $143k and spending of $124k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $226k to $143k (-37%), an average of -37% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 44% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Towne Street Theatre sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include Windsor Art Center ($143k), Huron Hockey Association Inc ($143k) and Marin Community Music School ($143k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $51k. At year end it held assets of $252k against liabilities of $0, net assets of $252k. It reported 2 employees.