LA Arts

Analysis

LA Arts is a registered charity in United States, based in Auburn, ME. It received its IRS tax-exemption ruling in March 1984, 42 years ago. 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 2024, LA Arts reported income of $188k and spending of $125k, leaving 33% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $69k to $188k (+172%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 102%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, LA Arts 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 52nd percentile, and in the 45th percentile within ME. Charities of a similar size with the same main cause include Denver Sister Cities International Inc ($188k), Shelter Cove Fishing Preservation Incorpor ($188k) and Konspicuous Foundation Inc ($188k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 2.2% of the total. Other salaries and wages came to $36k. At year end it held assets of $363k against liabilities of $842, net assets of $362k. It reported 1 employees.