Luzerne Music Center Inc

Analysis

Luzerne Music Center Inc is a registered charity in United States, based in Lake Luzerne, NY. It received its IRS tax-exemption ruling in August 1987, 39 years ago. 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 September 2023, Luzerne Music Center Inc reported income of $1.4m and spending of $1.1m, leaving 20% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.3m to $1.4m (+11%), an average of +2.7% a year. The sharpest change came in the year to September 2021, when income rose by 31%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Luzerne Music Center Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Franklin County Historical Society ($1.4m), Usvba Columbia Empire Region Volleyball Association ($1.4m) and Quaker Haven Foundation Inc ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 70% and program service revenue 29% of the total. At year end it held assets of $4.3m against liabilities of $379k, net assets of $3.9m. It reported 64 employees.