Lawrence Arts Center Inc

Analysis

Lawrence Arts Center Inc is a registered charity in United States, based in Lawrence, KS. It received its IRS tax-exemption ruling in November 1975, 51 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 July 2023, Lawrence Arts Center Inc reported income of $2.9m and spending of $3.9m, spending 131% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $3.0m to $2.9m (-2.2%), an average of -0.6% a year. The sharpest change came in the year to July 2020, when income rose by 42%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lawrence Arts Center Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within KS. Charities of a similar size with the same main cause include John P McGovern Museum of Health & Medical Science ($2.9m), Princeton Symphony Orchestra Inc ($2.9m) and Fells Point Creative Alliance Inc ($2.9m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 40% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $97k (2.5% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $5.9m against liabilities of $1.4m, net assets of $4.5m. It reported 75 employees.