Lemay-Dome Parking Association

Analysis

Lemay-Dome Parking Association is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in May 2015, 11 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lemay-Dome Parking Association reported income of $403k and spending of $411k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $558k to $403k (-28%), an average of -7.8% a year. The sharpest change came in the year to December 2021, when income rose by 450%. Over the whole period it spent 143% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lemay-Dome Parking Association sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within WA. Charities of a similar size with the same main cause include Paniolo Preservation Society ($403k), Viet Tu Te Charity ($403k) and California Surf Museum Encinitas ($402k).

At year end it held assets of $1.6m against liabilities of $2.5m, net assets of -$866k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.