Lotus Fine Arts Productions Inc

Analysis

Lotus Fine Arts Productions Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1989, 37 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 June 2023, Lotus Fine Arts Productions Inc reported income of $379k and spending of $420k, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $297k to $379k (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lotus Fine Arts Productions Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Classic Car Club of America Museum Inc ($379k), Anguilla Progressive Association of New York Inc ($379k) and Wonder Seed Foundation ($379k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Other salaries and wages came to $116k. At year end it held assets of $210k against liabilities of $193k, net assets of $16k. It reported 6 employees.