Center for the Arts of Greater Lapeer Inc

Analysis

Center for the Arts of Greater Lapeer Inc is a registered charity in United States, based in Lapeer, MI. It received its IRS tax-exemption ruling in November 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 June 2023, Center for the Arts of Greater Lapeer Inc reported income of $348k and spending of $407k, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $348k to $348k (+0.1%), an average of +0.0% a year. The sharpest change came in the year to June 2022, when income rose by 97%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Center for the Arts of Greater Lapeer Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within MI. Charities of a similar size with the same main cause include Howard County Historical Society Inc ($348k), Katy Artreach ($348k) and Filament Theatre Ensemble NFP ($348k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 42% of the total. Other salaries and wages came to $128k. At year end it held assets of $76k against liabilities of $3,978, net assets of $72k. It reported 9 employees.