Lead Guitar

Analysis

Lead Guitar is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in November 2008, 18 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 June 2023, Lead Guitar reported income of $854k and spending of $876k, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $420k to $854k (+103%), an average of +27% a year. The sharpest change came in the year to June 2021, when income rose by 44%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lead Guitar sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 74th percentile within AZ. Charities of a similar size with the same main cause include Oakland Interfaith Gospel Choir Inc ($854k), Music Works Northwest ($854k) and Camelot Theatre Company ($854k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 1.7% of the total. Other salaries and wages came to $465k. At year end it held assets of $366k against liabilities of $24k, net assets of $343k. It reported 13 employees.