Lis Music Society Inc

Analysis

Lis Music Society Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in May 2016, 10 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, Lis Music Society Inc reported income of $106k and spending of $134k, spending 126% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $126k to $106k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lis Music Society Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within VA. Charities of a similar size with the same main cause include Empowe-R Women of Infosec ($106k), South Tulsa Childrens Ballet Inc ($106k) and Almost Famous Theatre Company Foundation ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.