Litvaksig Inc

Analysis

Litvaksig Inc is a registered charity in United States, based in Pomona, NY. It received its IRS tax-exemption ruling in September 1998, 28 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, Litvaksig Inc reported income of $104k and spending of $54k, leaving 48% of income unspent that year. Across the 3 years on record, from June 2021 to June 2024, income fell from $341k to $104k (-69%), an average of -45% a year. The sharpest change came in the year to June 2023, when income dropped by 62%. Over the whole period it spent 43% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Litvaksig Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include Historical Society Elizabeth New Jersey Inc ($104k), Cabaret Project of Saint Louis ($104k) and Chanticleers ($104k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 88% of the total. At year end it held assets of $535k against liabilities of $0, net assets of $535k.