Ganna Walska Lotusland

Analysis

Ganna Walska Lotusland is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in January 1993, 33 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 December 2023, Ganna Walska Lotusland reported income of $10.0m and spending of $5.8m, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.9m to $10.0m (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ganna Walska Lotusland sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include United Way of Central Massachusetts Inc ($10.0m), First Start Partnerships for Children and Families Inc ($10.0m) and Montana Legal Services Association ($10.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 8.5% of the total. Compensation of current officers, directors and key employees was $360k (6.2% of expenses). Other salaries and wages came to $2.3m. It paid $40k in professional fundraising fees. At year end it held assets of $40.7m against liabilities of $759k, net assets of $39.9m. It reported 64 employees.