Lake County Arts Council

Analysis

Lake County Arts Council is a registered charity in United States, based in Lakeport, CA. It received its IRS tax-exemption ruling in April 1984, 42 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, Lake County Arts Council reported income of $254k and spending of $219k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $300k to $254k (-15%), an average of -4.0% a year. The sharpest change came in the year to June 2022, when income rose by 84%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lake County Arts Council sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Grants Pass Museum of Art ($254k), New Netherland Institute ($255k) and Make Nashville ($254k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Other salaries and wages came to $5,800. At year end it held assets of $1.4m against liabilities of $210k, net assets of $1.2m.