Balzekas Museum of Lithuanian Culture

Analysis

Balzekas Museum of Lithuanian Culture is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 1967, 59 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 December 2022, Balzekas Museum of Lithuanian Culture reported income of $582k and spending of $518k, spending 89% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $646k to $582k (-9.9%), an average of -3.4% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Balzekas Museum of Lithuanian Culture 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 Federation of Croatian Societies Inc ($582k), Cityarts Inc ($582k) and War Veterans Memorial Shrine of American History Inc ($582k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 51% and program service revenue 9.0% of the total. Other salaries and wages came to $226k. At year end it held assets of $4.7m against liabilities of $78k, net assets of $4.6m. It reported 10 employees.