Lithuanian Museum of Art Inc

Analysis

Lithuanian Museum of Art Inc is a registered charity in United States, based in Lemont, IL. It received its IRS tax-exemption ruling in August 1989, 37 years ago. 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 December 2023, Lithuanian Museum of Art Inc reported income of $78k and spending of $65k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $78k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lithuanian Museum of Art Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within IL. Charities of a similar size with the same main cause include Mary Cooper Teare Foundation ($78k), Shepherds Center of Spartanburg SC Inc ($78k) and North Dakota Scottish Rite Childhood Lngge Dsrder Ctr - Fargo ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. At year end it held assets of $80k against liabilities of $0, net assets of $80k.