Three Lakes Center for the Arts in the Northwoods Inc

Analysis

Three Lakes Center for the Arts in the Northwoods Inc is a registered charity in United States, based in Three Lakes, WI. It received its IRS tax-exemption ruling in December 2006, 20 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 December 2023, Three Lakes Center for the Arts in the Northwoods Inc reported income of $86k and spending of $85k, spending 99% of its income. Across the 2 years on record, from June 2023 to December 2023, income fell from $124k to $86k (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Three Lakes Center for the Arts in the Northwoods Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within WI. Charities of a similar size with the same main cause include Funding Team ($86k), Ronald Coase Institute ($86k) and Cedar Key Arts Center Inc ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 46% of the total. At year end it held assets of $468k against liabilities of $19k, net assets of $449k.