Lotus Education and Arts Foundation Inc

Analysis

Lotus Education and Arts Foundation Inc is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in May 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 (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 2022, Lotus Education and Arts Foundation Inc reported income of $399k and spending of $532k, spending 133% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $560k to $399k (-29%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lotus Education and Arts Foundation Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within IN. Charities of a similar size with the same main cause include Enchantment Theatre Company ($399k), Gig Harbor Downtown Waterfront Alliance ($399k) and Harpswell News ($399k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 69% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $56k (11% of expenses). Other salaries and wages came to $26. At year end it held assets of $533k against liabilities of $6,425, net assets of $527k. It reported 9 employees.