Lamorinda Arts Council

Analysis

Lamorinda Arts Council is a registered charity in United States, based in Orinda, CA. It received its IRS tax-exemption ruling in February 1968, 58 years ago. 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, Lamorinda Arts Council reported income of $85k and spending of $90k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $87k to $85k (-2.8%), an average of -2.8% a year. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lamorinda Arts Council sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 35th percentile within CA. Charities of a similar size with the same main cause include Equality Arizona Foundation ($85k), Prospect Park Free Library ($85k) and Arkansas Science Fair Assoc Inc ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 11% of the total. At year end it held assets of $81k against liabilities of $0, net assets of $81k.