Art Museum of Greater Lafayette Foundation Inc

Analysis

Art Museum of Greater Lafayette Foundation Inc is a registered charity in United States, based in Lafayette, IN. It received its IRS tax-exemption ruling in February 2023, 3 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 June 2023, Art Museum of Greater Lafayette Foundation Inc reported income of $114k and spending of $112k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $262k to $114k (-57%), an average of -19% a year. The sharpest change came in the year to June 2021, when income rose by 277%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Art Museum of Greater Lafayette Foundation Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within IN. Charities of a similar size with the same main cause include Lorenzo Malfatti Accademia Vocale Di Lucca Inc ($114k), Greenwood Performing Arts Inc ($114k) and Jacksonville Dance Theatre Inc ($114k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.