Lemoyne Art Foundation Inc

Analysis

Lemoyne Art Foundation Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in October 1965, 61 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 December 2023, Lemoyne Art Foundation Inc reported income of $1.4m and spending of $1.1m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $635k to $1.4m (+115%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 382%. Over the whole period it spent 60% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lemoyne Art Foundation Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Chamber Music America Inc ($1.4m), Redlands Conservancy ($1.4m) and Downtown San Diego Partnership Foundation ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 35% of the total. Other salaries and wages came to $374k. At year end it held assets of $3.8m against liabilities of $332k, net assets of $3.5m. It reported 35 employees.