The International Association of Lorain

Analysis

The International Association of Lorain is a registered charity in United States, based in Lorain, OH. It received its IRS tax-exemption ruling in August 1995, 31 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 December 2023, The International Association of Lorain reported income of $102k and spending of $120k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $127k to $102k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. 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, The International Association of Lorain sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within OH. Charities of a similar size with the same main cause include Susanville Symphony Society ($102k), The Fort Mill Community Playhouse Inc ($102k) and Associated Friends of Roosevelt Drama ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.1% and program service revenue 92% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.