Lute Society of America Inc

Analysis

Lute Society of America Inc is a registered charity in United States, based in Natick, MA. It received its IRS tax-exemption ruling in September 1984, 42 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 March 2024, Lute Society of America Inc reported income of $121k and spending of $83k, leaving 31% of income unspent that year. Across the 2 years on record, from March 2023 to March 2024, income fell from $134k to $121k (-9.6%), an average of -9.6% a year. 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, Lute Society of America Inc sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 48th percentile within MA. Charities of a similar size with the same main cause include World Affairs Council of Palm Beach Inc ($121k), Garland Civic Theatre ($121k) and Blues Society of Omaha Inc ($121k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 9.3% and program service revenue 57% of the total. At year end it held assets of $383k against liabilities of $59k, net assets of $324k.