Ensemble Studio Theatre the L a Project

Analysis

Ensemble Studio Theatre the L a Project is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in December 2002, 24 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, Ensemble Studio Theatre the L a Project reported income of $372k and spending of $330k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $255k to $372k (+46%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ensemble Studio Theatre the L a Project sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Africatown Community Development Corporation ($372k), Quincy Art Center ($372k) and Evergreen Memorial Historic Cemetery ($372k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 3.8% of the total. Other salaries and wages came to $33k. At year end it held assets of $331k against liabilities of $137k, net assets of $194k. It reported 7 employees.