Loren L Zachary Society for the Performing Arts

Analysis

Loren L Zachary Society for the Performing Arts is a registered charity in United States, based in Beverly Hills, CA. It received its IRS tax-exemption ruling in January 1973, 53 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 July 2024, Loren L Zachary Society for the Performing Arts reported income of $105k and spending of $137k, spending 131% of what it took in. Across the 5 years on record, from July 2020 to July 2024, income fell from $123k to $105k (-15%), an average of -4.0% a year. The sharpest change came in the year to July 2021, when income rose by 57%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Loren L Zachary Society for the Performing Arts sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within CA. Charities of a similar size with the same main cause include Origin Project Incorporated ($105k), Rehoboth Beach Writer Guild ($105k) and Scottish American Society of South Florida ($105k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 92% and program service revenue 7.6% of the total. At year end it held assets of $275k against liabilities of $0, net assets of $275k.

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.