Latvian Cultural Association Tilts Inc

Analysis

Latvian Cultural Association Tilts Inc is a registered charity in United States, based in Bedford, NY. It received its IRS tax-exemption ruling in August 1990, 36 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, Latvian Cultural Association Tilts Inc reported income of $68k and spending of $53k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $29k to $68k (+132%), an average of +132% a year. The sharpest change came in the year to December 2023, when income rose by 132%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Latvian Cultural Association Tilts Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within NY. Charities of a similar size with the same main cause include Manchester Historical Society ($68k), Civicstory Inc ($68k) and Roots & Heritage Festival Inc ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. At year end it held assets of $86k against liabilities of $0, net assets of $86k.