Lakeside High School Friends of the Fine Arts

Analysis

Lakeside High School Friends of the Fine Arts is a registered charity in United States, based in Hot Springs, AR. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2023, Lakeside High School Friends of the Fine Arts reported income of $229k and spending of $208k, spending 91% of its income. Across the 2 years on record, from July 2022 to July 2023, income grew from $48k to $229k (+377%), an average of +377% a year. The sharpest change came in the year to July 2023, when income rose by 377%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lakeside High School Friends of the Fine Arts sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 58th percentile within AR. Charities of a similar size with the same main cause include Grace Academy of Kerrville ($229k), Monterey Public Library Friends & Foundation ($229k) and Deer Creek Band Booster Association ($229k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 36% of the total. At year end it held assets of $240k against liabilities of $208k, net assets of $32k.