Lamb Arts Ltd

Analysis

Lamb Arts Ltd is a registered charity in United States, based in Sioux City, IA. It received its IRS tax-exemption ruling in March 2006, 20 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, Lamb Arts Ltd reported income of $471k and spending of $214k, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $496k to $471k (-5.2%), an average of -1.3% a year. Over the whole period it spent 50% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lamb Arts Ltd sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within IA. Charities of a similar size with the same main cause include Ballet Folklorico Ollin Yoliztli ($470k), Nitartha International ($471k) and International Friendship Center ($470k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Other salaries and wages came to $43k. At year end it held assets of $2.6m against liabilities of $0, net assets of $2.6m.