Lakeview Orchestra Inc

Analysis

Lakeview Orchestra Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2014, 12 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 2023, Lakeview Orchestra Inc reported income of $86k and spending of $103k, spending 120% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $59k to $86k (+46%), an average of +14% a year. The sharpest change came in the year to July 2022, when income rose by 187%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lakeview Orchestra Inc 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 34th percentile within IL. Charities of a similar size with the same main cause include Greater San Antonio Quilt Guild Inc ($86k), Nelson County Historical Society ($86k) and Inside Out Media Inc ($86k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. At year end it held assets of $58k against liabilities of $0, net assets of $58k.