Lompoc Museum Associates Inc

Analysis

Lompoc Museum Associates Inc is a registered charity in United States, based in Lompoc, CA. It received its IRS tax-exemption ruling in April 1970, 56 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 2024, Lompoc Museum Associates Inc reported income of $100k and spending of $272k, spending 272% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $129k to $100k (-22%), an average of -6.2% a year. The sharpest change came in the year to June 2023, when income rose by 414%. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lompoc Museum Associates Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 39th percentile within CA. Charities of a similar size with the same main cause include Huichol Center for Cultural Survival and Traditional Arts ($100k), Blair County Geneological Society ($100k) and Oldham County Arts Association ($100k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 83% and program service revenue 9.5% of the total. Compensation of current officers, directors and key employees was $44k (16% of expenses). Other salaries and wages came to $14k. At year end it held assets of $1.1m against liabilities of $2,141, net assets of $1.1m. It reported 2 employees.