Elizabeth Lane Oliver Center for the Arts

Analysis

Elizabeth Lane Oliver Center for the Arts is a registered charity in United States, based in Frankfort, MI. It received its IRS tax-exemption ruling in July 1984, 42 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 2023, Elizabeth Lane Oliver Center for the Arts reported income of $636k and spending of $533k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $300k to $636k (+112%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 97%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Elizabeth Lane Oliver Center for the Arts sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MI. Charities of a similar size with the same main cause include Harvard Lampoon ($636k), Follow Your Art Community Studios Inc ($637k) and Sky High Broadcasting Corporation ($636k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $57k (11% of expenses). Other salaries and wages came to $76k. At year end it held assets of $2.9m against liabilities of $14k, net assets of $2.9m. It reported 5 employees.