Three Arts Club of Lakewood Ohio

Analysis

Three Arts Club of Lakewood Ohio is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in June 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 June 2024, Three Arts Club of Lakewood Ohio reported income of $81k and spending of $31k, leaving 61% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $14k to $81k (+499%), an average of +499% a year. The sharpest change came in the year to June 2024, when income rose by 499%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Three Arts Club of Lakewood Ohio sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within OH. Charities of a similar size with the same main cause include Kfad Inc ($81k), TMS West ($81k) and Contemporary a Cappella Society of America ($81k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 90% of the total. At year end it held assets of $186k against liabilities of $0, net assets of $186k.