Living Room Collective

Analysis

Living Room Collective is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in November 2012, 14 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 August 2023, Living Room Collective reported income of $86k and spending of $96k, spending 111% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income grew from $50k to $86k (+71%), an average of +71% a year. The sharpest change came in the year to August 2023, when income rose by 71%. Over the whole period it spent 106% 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 Room Collective 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 30th percentile within MO. Charities of a similar size with the same main cause include Cornerstone Studios Limited ($86k), South Carolina Writers Association ($86k) and Italian American Heritage Club of Hunterdon County Foundation Inc ($86k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 61% and program service revenue 37% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.