Lake Worth Cultural Renaissance Foundation Inc

Analysis

Lake Worth Cultural Renaissance Foundation Inc is a registered charity in United States, based in LK Worth BCH, FL. It received its IRS tax-exemption ruling in February 2014, 12 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2024, Lake Worth Cultural Renaissance Foundation Inc reported income of $201k and spending of $201k, spending 100% of its income. Across the 3 years on record, from September 2022 to September 2024, income grew from $69k to $201k (+190%), an average of +70% a year. The sharpest change came in the year to September 2023, when income rose by 127%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lake Worth Cultural Renaissance Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include Johnson House Historic Site Inc ($201k), Baroque Music Montana Inc ($201k) and Sensory Theatre Endless Possibilities Inc ($201k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 97% of the total. At year end it held assets of $64k against liabilities of $0, net assets of $64k.