Lake Eustis Museum of Art

Analysis

Lake Eustis Museum of Art is a registered charity in United States, based in Tavares, FL. It received its IRS tax-exemption ruling in December 1997, 29 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 December 2023, Lake Eustis Museum of Art reported income of $106k and spending of $114k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $91k to $106k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lake Eustis Museum of Art sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 42nd percentile within FL. Charities of a similar size with the same main cause include American Classic Arcade Museum Inc ($106k), Ponca City Main Street Incorporated ($106k) and Art at a Time Like This Inc ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 1.8% of the total. At year end it held assets of $125k against liabilities of $169, net assets of $124k.