Lanesville Heritage Weekend Inc

Analysis

Lanesville Heritage Weekend Inc is a registered charity in United States, based in Lanesville, IN. It received its IRS tax-exemption ruling in June 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 (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, Lanesville Heritage Weekend Inc reported income of $362k and spending of $409k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $288k to $362k (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2021, when income rose by 675%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lanesville Heritage Weekend Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IN. Charities of a similar size with the same main cause include Live Learn Innovate Foundation ($362k), Native American and Indigenous Studies Association Inc ($362k) and Vergilian Society Inc ($362k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. At year end it held assets of $900k against liabilities of $22k, net assets of $879k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.