Lorenzo Malfatti Accademia Vocale Di Lucca Inc

Analysis

Lorenzo Malfatti Accademia Vocale Di Lucca Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in March 2015, 11 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, Lorenzo Malfatti Accademia Vocale Di Lucca Inc reported income of $114k and spending of $72k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $114k (+87%), an average of +87% a year. The sharpest change came in the year to December 2023, when income rose by 87%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lorenzo Malfatti Accademia Vocale Di Lucca Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within TN. Charities of a similar size with the same main cause include Jacksonville Dance Theatre Inc ($114k), Art Museum of Greater Lafayette Foundation Inc ($114k) and Citizens Council for the Arts Inc ($114k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. At year end it held assets of $84k against liabilities of $0, net assets of $84k.