Lovegood Performing Arts Company

Analysis

Lovegood Performing Arts Company is a registered charity in United States, based in Beaverton, OR. It received its IRS tax-exemption ruling in August 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, Lovegood Performing Arts Company reported income of $363k and spending of $349k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $262k to $363k (+39%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lovegood Performing Arts Company sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within OR. Charities of a similar size with the same main cause include New England Ski Museum ($363k), Southwest Virginia Ballet Company ($364k) and Jersey City Theater Center Inc ($363k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $42k (12% of expenses). At year end it held assets of $121k against liabilities of $0, net assets of $121k. It reported 24 employees.