Center for Latter-Day Saint Arts Inc

Analysis

Center for Latter-Day Saint Arts Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2018, 8 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, Center for Latter-Day Saint Arts Inc reported income of $360k and spending of $598k, spending 166% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $306k to $360k (+18%), an average of +4.1% a year. The sharpest change came in the year to December 2021, when income rose by 100%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Center for Latter-Day Saint Arts Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Mid India Christian Mission Inc ($360k), Magic Curtain Productions Inc ($360k) and Livingston Depot Foundation Inc ($360k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $125k (21% of expenses). Other salaries and wages came to $103k. At year end it held assets of $1.1m against liabilities of -$75, net assets of $1.1m. It reported 3 employees.