Lincoln City Cultural Center Inc

Analysis

Lincoln City Cultural Center Inc is a registered charity in United States, based in Lincoln City, OR. It received its IRS tax-exemption ruling in October 1997, 29 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, Lincoln City Cultural Center Inc reported income of $851k and spending of $524k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $851k (-16%), an average of -4.2% a year. The sharpest change came in the year to December 2021, when income rose by 147%. Over the whole period it spent 45% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lincoln City Cultural Center Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within OR. Charities of a similar size with the same main cause include Family and Youth Institute Ofmichigan ($851k), Commonweal Theatre Company ($851k) and Fort Smith Art Center Inc ($851k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 18% of the total. Other salaries and wages came to $209k. At year end it held assets of $4.3m against liabilities of $53k, net assets of $4.3m. It reported 12 employees.