Lost Pines Art League

Analysis

Lost Pines Art League is a registered charity in United States, based in Bastrop, TX. It received its IRS tax-exemption ruling in April 2007, 19 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 September 2023, Lost Pines Art League reported income of $318k and spending of $419k, spending 132% of what it took in. Across the 4 years on record, from December 2019 to September 2023, income grew from $304k to $318k (+4.6%), an average of +1.5% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 152% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lost Pines Art League sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Lenawee Council for the Visual Arts ($318k), American Indian Cultural Center Management Group Inc ($318k) and Greek School of Plato Ltd ($318k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 54% and program service revenue 27% of the total. Other salaries and wages came to $39k. At year end it held assets of $4.6m against liabilities of $2.0m, net assets of $2.6m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.