Regional Center for the Performing Arts of Luray Inc

Analysis

Regional Center for the Performing Arts of Luray Inc is a registered charity in United States, based in Luray, VA. It received its IRS tax-exemption ruling in September 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, Regional Center for the Performing Arts of Luray Inc reported income of $120k and spending of $113k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $88k to $120k (+37%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 37%. 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, Regional Center for the Performing Arts of Luray Inc sits at the 46th 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 41st percentile within VA. Charities of a similar size with the same main cause include Park Lane Gallery Inc ($120k), Sanibel Music Festival Inc ($120k) and East Hillsborough Historical Society Inc ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 26% of the total. At year end it held assets of $99k against liabilities of $0, net assets of $99k.