Elaine Legacy Center Inc

Analysis

Elaine Legacy Center Inc is a registered charity in United States, based in Elaine, AR. It received its IRS tax-exemption ruling in December 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, Elaine Legacy Center Inc reported income of $105k and spending of $114k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $275k to $105k (-62%), an average of -62% a year. The sharpest change came in the year to December 2023, when income dropped by 62%. Over the whole period it spent 129% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Elaine Legacy Center Inc sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within AR. Charities of a similar size with the same main cause include North Coast Ballet California ($105k), Chinese School of Caacf Inc ($105k) and Richmond County Orchestra Inc ($105k).

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 $28k against liabilities of $0, net assets of $28k.