THE CHANCE THEATER
Mission Statement
We believe that theater is like a gym for empathy. It’s where we can go to build up the muscles of compassion, to practice listening, understanding and engaging with people that are not just like ourselves. Chance Theater’s mission is to contribute to a more compassionate, connected, and creative community through the power of live theatre. We fulfill this mission through the commitment to being a professional company of diverse voices that make BOLD choices in our storytelling and programming to promote dialogue in our community. We are committed to telling stories that are PERSONAL to our audiences and artists, and creating an intimate experience and an artistic home for our community. We are committed to cultivating the Orange County community by creating ACCESSIBLE theater for patrons and artists of all ages, backgrounds, and interests.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
82.3% | 77.9% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
9.1% | 14.4% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
8.6% | 5.4% |
P10P90
|
Below median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
108.6% | 240.4% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
24.9 mo | 16.5 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
23.3% | 10.6% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
49.2% | 74.5% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-32.6% | 7.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-2.2% | 8.0% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-3.3% | -0.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $1.3M | $1.3M | $2.8M | 82.3% | 108 |
| 2023 | $1.9M | $1.4M | $2.7M | 80.6% | 172 |
| 2022 | $1.3M | $1.2M | $2.0M | 81.0% | 147 |
| 2021 | $1.7M | $838K | N/A | — | 97 |
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