Latin Art Organization of Arkansas

Analysis

Latin Art Organization of Arkansas is a registered charity in United States, based in Springdale, AR. 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, Latin Art Organization of Arkansas reported income of $55k and spending of $49k, spending 89% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $79k to $55k (-30%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 19%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Latin Art Organization of Arkansas sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within AR. Charities of a similar size with the same main cause include Garden Grove Historical Society ($55k), The Institute for Biblical and Scientific Studies ($55k) and Woburn Historical Society Inc ($55k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $12k (25% of expenses). At year end it held assets of $7,567 against liabilities of $0, net assets of $7,567.