Lime Kiln Arts Inc

Analysis

Lime Kiln Arts Inc is a registered charity in United States, based in Lexington, VA. It received its IRS tax-exemption ruling in May 1985, 41 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, Lime Kiln Arts Inc reported income of $563k and spending of $562k, spending 100% of its income. Across the 5 years on record, from December 2018 to December 2023, income grew from $346k to $563k (+63%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lime Kiln Arts Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within VA. Charities of a similar size with the same main cause include Lifeline Productions Inc ($562k), Nantucket Preservation Trust Inc ($563k) and Aloha Week Hawaii Inc ($562k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $95k (17% of expenses). Other salaries and wages came to $41k. At year end it held assets of $502k against liabilities of $9,201, net assets of $493k. It reported 1 employees.