Tri Lakes Center for the Arts

Analysis

Tri Lakes Center for the Arts is a registered charity in United States, based in Monument, CO. It received its IRS tax-exemption ruling in January 1999, 27 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 June 2023, Tri Lakes Center for the Arts reported income of $136k and spending of $139k, spending 102% of its income. Across the 3 years on record, from June 2020 to June 2023, income grew from $118k to $136k (+15%), an average of +7.2% a year. The sharpest change came in the year to June 2022, when income rose by 77%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tri Lakes Center for the Arts 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 45th percentile, and in the 41st percentile within CO. Charities of a similar size with the same main cause include Asa Foundation ($136k), The Grand Foundation Inc ($136k) and Contra Costa Chorale ($136k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $32k (23% of expenses). At year end it held assets of $1.0m against liabilities of $89k, net assets of $944k.