Lorain Civic Center Committee Inc

Analysis

Lorain Civic Center Committee Inc is a registered charity in United States, based in Lorain, OH. It received its IRS tax-exemption ruling in June 1975, 51 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lorain Civic Center Committee Inc reported income of $1.9m and spending of $1.8m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.9m (+62%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 149%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lorain Civic Center Committee Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within OH. Charities of a similar size with the same main cause include Waco Theater Center ($1.9m), Random Farms Kids Theater Inc ($1.9m) and Childrens Museum of the East End ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 78% of the total. Other salaries and wages came to $267k. At year end it held assets of $2.4m against liabilities of $631k, net assets of $1.8m. It reported 26 employees.