The Jack & Shirley Lubeznik Center for the Arts Inc

Analysis

The Jack & Shirley Lubeznik Center for the Arts Inc is a registered charity in United States, based in Michigan City, IN. It received its IRS tax-exemption ruling in January 1978, 48 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 December 2023, The Jack & Shirley Lubeznik Center for the Arts Inc reported income of $767k and spending of $679k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $668k to $767k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Jack & Shirley Lubeznik Center for the Arts Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within IN. Charities of a similar size with the same main cause include National Estuarine Research Reserve Association Inc ($767k), Human Agenda ($767k) and Art Share Los Angeles Inc ($766k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 9.1% of the total. Compensation of current officers, directors and key employees was $70k (10% of expenses). Other salaries and wages came to $238k. At year end it held assets of $2.3m against liabilities of $430k, net assets of $1.9m. It reported 12 employees.