Lucille Tack Center for the Arts Inc

Analysis

Lucille Tack Center for the Arts Inc is a registered charity in United States, based in Spencer, WI. It received its IRS tax-exemption ruling in August 1996, 30 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 2024, Lucille Tack Center for the Arts Inc reported income of $169k and spending of $173k, spending 102% of its income. Across the 3 years on record, from June 2022 to June 2024, income fell from $250k to $169k (-32%), an average of -18% a year. The sharpest change came in the year to June 2023, when income dropped by 29%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lucille Tack Center for the Arts Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within WI. Charities of a similar size with the same main cause include Project Music Heals US Inc ($169k), Alaska Chamber Singers ($169k) and Webster City Community Theatre ($169k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 48% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $35k (20% of expenses). At year end it held assets of $306k against liabilities of $37k, net assets of $270k. It reported 3 employees.