International Organization of Lace Inc

Analysis

International Organization of Lace Inc is a registered charity in United States, based in Kingston SPGS, TN. It received its IRS tax-exemption ruling in January 1981, 45 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, International Organization of Lace Inc reported income of $140k and spending of $147k, spending 105% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $41k to $140k (+239%), an average of +239% a year. The sharpest change came in the year to June 2023, when income rose by 239%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, International Organization of Lace Inc sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within TN. Charities of a similar size with the same main cause include Follow Your Dream Foundation Inc ($140k), Ballet Latino de San Antonio ($140k) and Barefoot Foundation ($140k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 2.9% and program service revenue 73% of the total. At year end it held assets of $405k against liabilities of $112k, net assets of $293k.