Luxembourg American Cultural Society Inc

Analysis

Luxembourg American Cultural Society Inc is a registered charity in United States, based in Belgium, WI. It received its IRS tax-exemption ruling in December 2005, 21 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Luxembourg American Cultural Society Inc reported income of $695k and spending of $637k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $720k to $695k (-3.4%), an average of -0.9% a year. The sharpest change came in the year to December 2020, when income dropped by 38%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Luxembourg American Cultural Society Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within WI. Charities of a similar size with the same main cause include James Madison Education Fund Inc ($695k), Deaf Spotlight ($696k) and Forney Museum ($695k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $89k (14% of expenses). Other salaries and wages came to $111k. At year end it held assets of $2.4m against liabilities of $41k, net assets of $2.4m. It reported 4 employees.