Lakewood Performing Arts Council

Analysis

Lakewood Performing Arts Council is a registered charity in United States, based in Lakewood, CO. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 May 2024, Lakewood Performing Arts Council reported income of $201k and spending of $182k, spending 90% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $131k to $201k (+54%), an average of +11% a year. The sharpest change came in the year to May 2022, when income rose by 654%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lakewood Performing Arts Council sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within CO. Charities of a similar size with the same main cause include Jacksonville Community Center for the Deaf ($201k), Twin City Legion Booster Club Inc ($201k) and International Sports Heroes Inc ($201k).

On its Form 990 for the period ending May 2024, revenue came from program service revenue 50% of the total. At year end it held assets of $53k against liabilities of $1,072, net assets of $52k.