Lakeshore Players Inc

Analysis

Lakeshore Players Inc is a registered charity in United States, based in White Bear LK, MN. It received its IRS tax-exemption ruling in May 1958, 68 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 June 2024, Lakeshore Players Inc reported income of $1.0m and spending of $1.4m, spending 141% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $1.4m to $1.0m (-30%), an average of -6.8% a year. The sharpest change came in the year to June 2021, when income rose by 252%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lakeshore Players Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MN. Charities of a similar size with the same main cause include Lexicon of Sustainability Inc ($1.0m), Stapleton School of Performing Arts ($1.0m) and Cook County Community Radio ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 36% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $123k (8.7% of expenses). Other salaries and wages came to $324k. At year end it held assets of $7.9m against liabilities of $48k, net assets of $7.9m. It reported 24 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.