Lao Iu Mien Culture Association Inc

Analysis

Lao Iu Mien Culture Association Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in September 1982, 44 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, Lao Iu Mien Culture Association Inc reported income of $131k and spending of $168k, spending 129% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $79k to $131k (+65%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 80%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lao Iu Mien Culture Association Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within CA. Charities of a similar size with the same main cause include 2nd Star Productions Inc ($131k), Steamboat Dance Theatre ($131k) and The Wisconsin Alliance of Artists and Craftspeople Inc ($131k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.1m against liabilities of $132k, net assets of $922k.