24th Street Theatre Company

Analysis

24th Street Theatre Company is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 1997, 29 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 June 2023, 24th Street Theatre Company reported income of $1.5m and spending of $987k, leaving 35% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $890k to $1.5m (+71%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 56%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 24th Street Theatre Company sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Mississippi Journalism and Education Group ($1.5m), Auburn Public Theater Inc ($1.5m) and Capital Stage Company ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $81k (8.2% of expenses). Other salaries and wages came to $213k. At year end it held assets of $2.1m against liabilities of $177k, net assets of $1.9m. It reported 16 employees.