Laguna Radio Inc

Analysis

Laguna Radio Inc is a registered charity in United States, based in Laguna Beach, CA. It received its IRS tax-exemption ruling in January 2013, 13 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, Laguna Radio Inc reported income of $187k and spending of $357k, spending 191% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $416k to $187k (-55%), an average of -18% a year. The sharpest change came in the year to December 2022, when income dropped by 47%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Laguna Radio Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Sharonville Fine Arts Council Inc ($187k), Venue Theatre ($187k) and Off Broadway Theatre Inc ($187k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 7.2% of the total. Other salaries and wages came to $134k. At year end it held assets of $202k against liabilities of $286k, net assets of -$84k. It reported 6 employees.