Laurel Music Camp Inc

Analysis

Laurel Music Camp Inc is a registered charity in United States, based in Torrington, CT. It received its IRS tax-exemption ruling in November 1996, 30 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, Laurel Music Camp Inc reported income of $102k and spending of $80k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $102k (+71%), an average of +71% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Laurel Music Camp Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 35th percentile within CT. Charities of a similar size with the same main cause include Centro Cultural Cubano Inc ($102k), South Baldwin Museum Foundaton Inc ($102k) and Open World Dance Foundation Inc ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 58% of the total. At year end it held assets of $140k against liabilities of $560, net assets of $139k.