Loveland Performing Arts Association Inc

Analysis

Loveland Performing Arts Association Inc is a registered charity in United States, based in Loveland, CO. It received its IRS tax-exemption ruling in May 1983, 43 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 June 2024, Loveland Performing Arts Association Inc reported income of $68k and spending of $52k, leaving 24% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $54k to $68k (+27%), an average of +27% a year. The sharpest change came in the year to June 2024, when income rose by 27%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Loveland Performing Arts Association Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 23rd percentile within CO. Charities of a similar size with the same main cause include Great Cranberry Historical Society ($68k), Chamber Music Society of Wilmington ($68k) and Freespace Dance Inc ($68k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 25% and program service revenue 75% of the total. At year end it held assets of $84k against liabilities of $0, net assets of $84k.