Lni

Analysis

Lni is a registered charity in United States, based in Rapid City, SD. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lni reported income of $591k and spending of $650k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $329k to $591k (+80%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 6673%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lni sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within SD. Charities of a similar size with the same main cause include Landmark Community Theatre ($591k), Piast Institute ($591k) and Evanston Roundtable Media ($591k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $55k (8.4% of expenses). At year end it held assets of $290k against liabilities of $81k, net assets of $208k.