Lakeside Pride Music Ensembles Inc

Analysis

Lakeside Pride Music Ensembles Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2001, 25 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 August 2024, Lakeside Pride Music Ensembles Inc reported income of $85k and spending of $85k, spending 100% of its income. Across the 3 years on record, from August 2022 to August 2024, income fell from $145k to $85k (-41%), an average of -23% a year. The sharpest change came in the year to August 2023, when income dropped by 47%. Over the whole period it spent 126% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lakeside Pride Music Ensembles Inc sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 34th percentile within IL. Charities of a similar size with the same main cause include Estes Park Museum Friends & Foundation Inc ($85k), Friday Morning Music Club Foundation Incorporated ($85k) and Pony Express Pumkin Fest Inc ($85k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 34% and program service revenue 34% of the total. At year end it held assets of $90k against liabilities of $0, net assets of $90k.

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.