Lebanese Educational Center

Analysis

Lebanese Educational Center is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 1996, 30 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, Lebanese Educational Center reported income of $221k and spending of $152k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $147k to $221k (+50%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 75%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lebanese Educational Center sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include Faith Work Performing Arts Center Inc ($221k), Kirkland Art Center Inc ($221k) and Barn Theatre ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 38% of the total. Other salaries and wages came to $19k. At year end it held assets of $460k against liabilities of $48k, net assets of $412k.