Lynchburg Art Club Inc

Analysis

Lynchburg Art Club Inc is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in January 1963, 63 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 May 2024, Lynchburg Art Club Inc reported income of $61k and spending of $59k, spending 97% of its income. Across the 2 years on record, from May 2023 to May 2024, income grew from $47k to $61k (+30%), an average of +30% a year. The sharpest change came in the year to May 2024, when income rose by 30%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lynchburg Art Club Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 23rd percentile within VA. Charities of a similar size with the same main cause include Kaysinger Bluff Pioneer Heritage Association ($61k), Robert Gardner Millcreek Pioneer Home ($61k) and Evoco Voice Collective Inc ($61k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 23% and program service revenue 29% of the total. At year end it held assets of $99k against liabilities of $790, net assets of $98k.