Lunart Inc

Analysis

Lunart Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in March 2021, 5 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 2024, Lunart Inc reported income of $90k and spending of $99k, spending 110% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $111k to $90k (-19%), an average of -19% a year. The sharpest change came in the year to June 2024, when income dropped by 19%. 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, Lunart Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within WI. Charities of a similar size with the same main cause include Art School Inc ($90k), Sandhills Family Heritage Association ($90k) and Antelope Valley Ballet ($90k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 85% and program service revenue 15% of the total. At year end it held assets of $76k against liabilities of $4,572, net assets of $71k.