Lorien Academy of the Arts Inc

Analysis

Lorien Academy of the Arts Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2023, Lorien Academy of the Arts Inc reported income of $151k and spending of $92k, leaving 39% of income unspent that year. Across the 3 years on record, from August 2021 to August 2023, income grew from $108k to $151k (+40%), an average of +18% a year. The sharpest change came in the year to August 2023, when income rose by 43%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lorien Academy of the Arts 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 47th percentile, and in the 45th percentile within NC. Charities of a similar size with the same main cause include My Next Step ($151k), Estacada Area Food Bank ($151k) and Plant-Based Prevention of Disease Inc ($151k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $100k against liabilities of $1,934, net assets of $98k.