Lebowsky Center for Performing Arts

Analysis

Lebowsky Center for Performing Arts is a registered charity in United States, based in Owosso, MI. It received its IRS tax-exemption ruling in December 1982, 44 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 May 2023, Lebowsky Center for Performing Arts reported income of $703k and spending of $731k, spending 104% of its income. Across the 4 years on record, from May 2020 to May 2023, income fell from $793k to $703k (-11%), an average of -4.0% a year. The sharpest change came in the year to May 2022, when income rose by 202%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lebowsky Center for Performing Arts sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MI. Charities of a similar size with the same main cause include Near & Arnolds School of Performing Arts & Cultural Education ($702k), The Elden Street Players ($703k) and Oxford Community Center Inc ($702k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 26% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $101k (14% of expenses). Other salaries and wages came to $37k. At year end it held assets of $1.6m against liabilities of $1.0m, net assets of $565k. It reported 6 employees.