Lachey Arts Inc

Analysis

Lachey Arts Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in August 2017, 9 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, Lachey Arts Inc reported income of $517k and spending of $506k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $186k to $517k (+177%), an average of +177% a year. The sharpest change came in the year to December 2023, when income rose by 177%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lachey Arts Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within KY. Charities of a similar size with the same main cause include KWMR ($517k), Longview World of Wonders ($517k) and Phantom Projects Educational Theatre Group ($517k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. At year end it held assets of $22k against liabilities of $0, net assets of $22k.