Arts Council of Lake Oswego

Analysis

Arts Council of Lake Oswego is a registered charity in United States, based in Lake Oswego, OR. It received its IRS tax-exemption ruling in March 2000, 26 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 June 2023, Arts Council of Lake Oswego reported income of $306k and spending of $339k, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $321k to $306k (-4.8%), an average of -1.2% a year. The sharpest change came in the year to June 2020, when income rose by 32%. 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, Arts Council of Lake Oswego sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within OR. Charities of a similar size with the same main cause include Albemarle County Historical Society Inc ($306k), Virginia Association of Museums ($306k) and Hack Reduce Inc ($306k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $79k (23% of expenses). Other salaries and wages came to $79k. At year end it held assets of $388k against liabilities of $4,121, net assets of $384k. It reported 5 employees.