Latrobe Art Center

Analysis

Latrobe Art Center is a registered charity in United States, based in Latrobe, PA. It received its IRS tax-exemption ruling in June 2004, 22 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, Latrobe Art Center reported income of $295k and spending of $355k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $361k to $295k (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Latrobe Art Center sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within PA. Charities of a similar size with the same main cause include Confluence Gallery and Art Center ($295k), Laurel Community Center Org Inc ($295k) and Ashland News ($295k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 31% of the total. Other salaries and wages came to $98k. At year end it held assets of $407k against liabilities of $7,070, net assets of $400k. It reported 9 employees.