Laurel Arts League Inc

Analysis

Laurel Arts League Inc is a registered charity in United States, based in Laurel, MS. It received its IRS tax-exemption ruling in November 1975, 51 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 August 2024, Laurel Arts League Inc reported income of $75k and spending of $58k, leaving 23% of income unspent that year. Across the 2 years on record, from August 2023 to August 2024, income fell from $84k to $75k (-11%), an average of -11% a year. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Laurel Arts League Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within MS. Charities of a similar size with the same main cause include Early Music Guild of Oregon ($75k), Foothills Rotary Charitable Foundation ($75k) and Serbian Brothers Help Inc ($75k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 64% and program service revenue 16% of the total. At year end it held assets of $115k against liabilities of $0, net assets of $115k.