Lock One Community Arts Inc

Analysis

Lock One Community Arts Inc is a registered charity in United States, based in New Bremen, OH. It received its IRS tax-exemption ruling in June 2022, 4 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 April 2024, Lock One Community Arts Inc reported income of $102k and spending of $100k, spending 99% of its income. Across the 2 years on record, from April 2023 to April 2024, income fell from $103k to $102k (-1.7%), an average of -1.7% a year. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lock One Community Arts Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 38th percentile within OH. Charities of a similar size with the same main cause include Curtain Call Performing Company Inc ($102k), Bridgeport High School Band Patrons Inc ($102k) and Aurora Chorus Inc ($102k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 54% and program service revenue 46% of the total. At year end it held assets of $211k against liabilities of $0, net assets of $211k.