Lumberyard Arts Center Inc

Analysis

Lumberyard Arts Center Inc is a registered charity in United States, based in Baldwin City, KS. It received its IRS tax-exemption ruling in November 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, Lumberyard Arts Center Inc reported income of $170k and spending of $175k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $104k to $170k (+64%), an average of +64% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 115% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lumberyard Arts Center Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within KS. Charities of a similar size with the same main cause include Almanack Arts Colony Inc ($170k), Morning Pointe Foundation ($170k) and San Antonio Community Resource Directory ($170k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. At year end it held assets of $362k against liabilities of $3,918, net assets of $359k.