Lake Arts Council

Analysis

Lake Arts Council is a registered charity in United States, based in Osage Beach, MO. It received its IRS tax-exemption ruling in February 1986, 40 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, Lake Arts Council reported income of $53k and spending of $69k, spending 130% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $49k to $53k (+9.3%), an average of +9.3% a year. Over the whole period it spent 122% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lake Arts Council sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within MO. Charities of a similar size with the same main cause include Le Jeune Ballet National Co ($53k), Ohio Valley Summer Theater ($53k) and Woori Show Inc ($53k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 89% and program service revenue 11% of the total. At year end it held assets of $37k against liabilities of $300, net assets of $37k.