Lakewood Arts Council Inc

Analysis

Lakewood Arts Council Inc is a registered charity in United States, based in Lakewood, CO. It received its IRS tax-exemption ruling in January 1988, 38 years ago. 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, Lakewood Arts Council Inc reported income of $59k and spending of $56k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $46k to $59k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lakewood Arts Council Inc sits at the 23rd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 20th percentile within CO. Charities of a similar size with the same main cause include Parkview Cooperative Nursery School ($59k), PTA Texas Congress ($59k) and Youth Connection Inc ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 21% of the total. At year end it held assets of $92k against liabilities of $1,132, net assets of $91k.