Theatre West Inc

Analysis

Theatre West Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in December 1966, 60 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 June 2023, Theatre West Inc reported income of $598k and spending of $567k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $224k to $598k (+167%), an average of +28% a year. The sharpest change came in the year to June 2022, when income rose by 163%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theatre West Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include San Diego Sports Association ($598k), Pacific Festival Ballet ($598k) and Lilith Publications Inc ($597k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $42k (7.4% of expenses). Other salaries and wages came to $188k. At year end it held assets of $330k against liabilities of $118k, net assets of $212k. It reported 74 employees.