Living Arts Trust Inc

Analysis

Living Arts Trust Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in October 2009, 17 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 2022, Living Arts Trust Inc reported income of $414k and spending of $477k, spending 115% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income fell from $736k to $414k (-44%), an average of -13% a year. The sharpest change came in the year to December 2019, when income rose by 100%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Living Arts Trust Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include Creative Santa Fe ($414k), Pensacola Mess Hall ($414k) and Great Basin Heritage Area PTR ($414k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 71% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $67k (14% of expenses). Other salaries and wages came to $89k. At year end it held assets of $1.2m against liabilities of $134k, net assets of $1.1m. It reported 5 employees.