Blue Lapis Light Inc

Analysis

Blue Lapis Light Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in August 2005, 21 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, Blue Lapis Light Inc reported income of $585k and spending of $534k, spending 91% of its income. Across the 6 years on record, from September 2019 to December 2023, income grew from $471k to $585k (+24%), an average of +4.4% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Blue Lapis Light Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Wareham Community Television Inc ($584k), Future of Danville Foundation ($585k) and Birder Studio of Performing Arts Inc ($584k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $160k (30% of expenses). Other salaries and wages came to $60k. At year end it held assets of $846k against liabilities of $11k, net assets of $835k. It reported 3 employees.