Lakeshore Community Concerts

Analysis

Lakeshore Community Concerts is a registered charity in United States, based in Munster, IN. It received its IRS tax-exemption ruling in August 1984, 42 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 April 2024, Lakeshore Community Concerts reported income of $75k and spending of $73k, spending 97% of its income. Across the 2 years on record, from April 2023 to April 2024, income grew from $69k to $75k (+9.3%), an average of +9.3% a year. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lakeshore Community Concerts sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 26th percentile within IN. Charities of a similar size with the same main cause include Southwest Youth Ballet Theatre Inc ($75k), Berwin Lee London New York Playwrights ($75k) and The Hopeless Foundation ($75k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 23% of the total. At year end it held assets of $175k against liabilities of $0, net assets of $175k.