The Lafayette Society Forperforming Arts Inc

Analysis

The Lafayette Society Forperforming Arts Inc is a registered charity in United States, based in Lagrange, GA. It received its IRS tax-exemption ruling in January 1981, 45 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 June 2023, The Lafayette Society Forperforming Arts Inc reported income of $1.2m and spending of $1.0m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $978k to $1.2m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Lafayette Society Forperforming Arts Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within GA. Charities of a similar size with the same main cause include Public Media Network ($1.2m), Diversionary Theatre Productions Inc ($1.2m) and Local TV Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% and program service revenue 44% of the total. Other salaries and wages came to $486k. At year end it held assets of $1.2m against liabilities of $88k, net assets of $1.1m. It reported 39 employees.