Lakeside Artists Guild and Academy

Analysis

Lakeside Artists Guild and Academy is a registered charity in United States, based in Lowell, IN. It received its IRS tax-exemption ruling in November 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 (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, Lakeside Artists Guild and Academy reported income of $73k and spending of $72k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $73k (+4.4%), an average of +4.4% a year. 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, Lakeside Artists Guild and Academy sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 26th percentile within IN. Charities of a similar size with the same main cause include Greater Hamilton Civic Theatre Inc ($73k), Manzano Mountain Art Council ($73k) and American Civil War Museum Collection ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. At year end it held assets of $25k against liabilities of $0, net assets of $25k.