Lassen Association

Analysis

Lassen Association is a registered charity in United States, based in Mineral, CA. It received its IRS tax-exemption ruling in May 1968, 58 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Lassen Association reported income of $330k and spending of $333k, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $220k to $330k (+50%), an average of +11% a year. The sharpest change came in the year to September 2022, when income rose by 30%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lassen Association sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Kser Foundation ($330k), Partners for the PAC ($330k) and Armenian Cultural & Educational Center Inc ($330k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 13% of the total. Compensation of current officers, directors and key employees was $61k (18% of expenses). Other salaries and wages came to $151k. At year end it held assets of $1.0m against liabilities of $71k, net assets of $931k. It reported 14 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.