Lithuanian Education Council of the USA

Analysis

Lithuanian Education Council of the USA is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 1978, 48 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 June 2023, Lithuanian Education Council of the USA reported income of $555k and spending of $562k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $748k to $555k (-26%), an average of -7.2% a year. The sharpest change came in the year to June 2021, when income dropped by 21%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lithuanian Education Council of the USA sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within IL. Charities of a similar size with the same main cause include Texas Golf Hall of Fame and Museum ($555k), Kenworthy Performing Arts Centre Inc ($555k) and Longboat Key Foundation Inc ($555k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. At year end it held assets of $1.0m against liabilities of $1,455, net assets of $1.0m.