Ligon Arts Boosters Inc

Analysis

Ligon Arts Boosters Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in August 2015, 11 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, Ligon Arts Boosters Inc reported income of $95k and spending of $95k, spending 101% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $106k to $95k (-10%), an average of -10% a year. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ligon Arts Boosters Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within NC. Charities of a similar size with the same main cause include Brunswick-Potomac Foundation Inc ($95k), Center for Music by People with Disabilities ($95k) and University High School Titan Regime NT Band Booster Association Inc ($95k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 12% of the total. At year end it held assets of $69k against liabilities of $8,903, net assets of $60k.