LSST Inc

Analysis

LSST Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover science and technology, 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 September 2023, LSST Inc reported income of $3.0m and spending of $2.5m, spending 84% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.1m to $3.0m (+166%), an average of +28% a year. The sharpest change came in the year to September 2023, when income rose by 103%. 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, LSST 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 87th percentile within AZ. Charities of a similar size with the same main cause include Childrens Museum of Rock County Inc ($3.0m), Library Foundation Inc Serving the People of Multnomah County ($3.0m) and The Atlas Society Ltd ($3.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 76% and program service revenue 21% of the total. It paid $6,679 in professional fundraising fees. At year end it held assets of $7.4m against liabilities of $6.5m, net assets of $899k.