Lions & Rabbits Center for the Arts

Analysis

Lions & Rabbits Center for the Arts is a registered charity in United States, based in Wyoming, MI. It received its IRS tax-exemption ruling in February 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 December 2023, Lions & Rabbits Center for the Arts reported income of $500k and spending of $638k, spending 128% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $262k to $500k (+91%), an average of +38% a year. The sharpest change came in the year to December 2022, when income rose by 82%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lions & Rabbits Center for the Arts sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MI. Charities of a similar size with the same main cause include National Society of the Daughters of the American Revolution ($500k), Arts Gowanus Inc ($500k) and Hamburg Natural History Society Inc ($500k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $50k (7.8% of expenses). Other salaries and wages came to $124k. At year end it held assets of $170k against liabilities of $50k, net assets of $120k. It reported 9 employees.