Lakeshore Visual Arts Collective Inc

Analysis

Lakeshore Visual Arts Collective Inc is a registered charity in United States, based in Grand Haven, MI. It received its IRS tax-exemption ruling in February 2017, 9 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, Lakeshore Visual Arts Collective Inc reported income of $55k and spending of $45k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $78k to $55k (-30%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lakeshore Visual Arts Collective Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within MI. Charities of a similar size with the same main cause include Culpeper 4th of July Festival Committee ($55k), Ebell Friends ($55k) and Symphony Doro Rancho Cordova ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 89% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.