Lake Erie Fanfare Inc

Analysis

Lake Erie Fanfare Inc is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in March 1990, 36 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Lake Erie Fanfare Inc reported income of $79k and spending of $60k, leaving 24% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $98k to $79k (-19%), an average of -5.2% a year. The sharpest change came in the year to September 2022, when income rose by 76%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Erie Fanfare Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within PA. Charities of a similar size with the same main cause include Hastings Historical Society ($79k), Palmerton Area Historical Society ($79k) and USA Swimming Inc ($79k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 26% and program service revenue 17% of the total. At year end it held assets of $118k against liabilities of $500, net assets of $118k.