Lace Museum Inc

Analysis

Lace Museum Inc is a registered charity in United States, based in Fremont, CA. It received its IRS tax-exemption ruling in September 1983, 43 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, Lace Museum Inc reported income of $162k and spending of $136k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $77k to $162k (+112%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lace Museum Inc sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Voice of Vashon ($162k), Fort Bridger Rendezvous Association Inc ($162k) and Pennsylvania Sinfonia Orchestra ($162k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 49% of the total. At year end it held assets of $941k against liabilities of $328, net assets of $941k.