Lake Houston Musical Arts Society Inc

Analysis

Lake Houston Musical Arts Society Inc is a registered charity in United States, based in Kingwood, TX. It received its IRS tax-exemption ruling in March 1998, 28 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 May 2023, Lake Houston Musical Arts Society Inc reported income of $101k and spending of $124k, spending 122% of what it took in. Across the 2 years on record, from May 2022 to May 2023, income fell from $104k to $101k (-2.4%), an average of -2.4% a year. Over the whole period it spent 103% 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 Houston Musical Arts Society Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 40th percentile within TX. Charities of a similar size with the same main cause include Portland Jazz Composers Ensemble ($101k), Seattle International Piano Festival ($101k) and Studio School of Design ($101k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. At year end it held assets of $48k against liabilities of $389, net assets of $47k.