American Friends of Lacmus Festival Inc

Analysis

American Friends of Lacmus Festival Inc is a registered charity in United States, based in Newport Beach, CA. It received its IRS tax-exemption ruling in October 2019, 7 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, American Friends of Lacmus Festival Inc reported income of $134k and spending of $131k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $116k to $134k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Friends of Lacmus Festival Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within CA. Charities of a similar size with the same main cause include Buffalo Chamber Music Foundation ($134k), Oldcastle Productions ($135k) and Carolina Master Chorale Inc ($134k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,276 against liabilities of $0, net assets of $5,276.