Lit Youngstown

Analysis

Lit Youngstown is a registered charity in United States, based in Youngstown, OH. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lit Youngstown reported income of $84k and spending of $93k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $102k to $84k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lit Youngstown sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 33rd percentile within OH. Charities of a similar size with the same main cause include National Storytelling Membership Association ($84k), Warrick County Museum Inc ($84k) and Connecticut Lyric Opera Inc ($84k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.