Lizzadro Museum of Lapidary Arts

Analysis

Lizzadro Museum of Lapidary Arts is a registered charity in United States, based in Oak Brook, IL. It received its IRS tax-exemption ruling in May 1964, 62 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, Lizzadro Museum of Lapidary Arts reported income of $570k and spending of $636k, spending 111% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $1.3m to $570k (-56%), an average of -15% a year. The sharpest change came in the year to December 2019, when income dropped by 35%. Over the whole period it spent 60% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lizzadro Museum of Lapidary Arts sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Glasstire ($570k), Third Rail Repertory Theatre ($570k) and Studio Acting Conservatory Inc ($570k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 19% of the total. Other salaries and wages came to $70k. At year end it held assets of $3.9m against liabilities of $31k, net assets of $3.9m. It reported 10 employees.