Lantern Publishing & Media Inc

Analysis

Lantern Publishing & Media Inc is a registered charity in United States, based in Woodstock, NY. It received its IRS tax-exemption ruling in July 2020, 6 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 December 2023, Lantern Publishing & Media Inc reported income of $182k and spending of $250k, spending 138% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $292k to $182k (-38%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lantern Publishing & Media Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Ipswich Museum Inc ($182k), Historical Society of the Cocalico Valley ($182k) and West Virginia Country Music Hall of Fame and Museum Inc ($182k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. Compensation of current officers, directors and key employees was $110k (44% of expenses). At year end it held assets of $259k against liabilities of $151k, net assets of $108k. It reported 2 employees.