Lark Musical Society Inc

Analysis

Lark Musical Society Inc is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in November 2016, 10 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lark Musical Society Inc reported income of $901k and spending of $799k, spending 89% of its income. Across the 6 years on record, from December 2017 to December 2023, income fell from $1.1m to $901k (-15%), an average of -3.3% a year. The sharpest change came in the year to December 2022, when income rose by 90%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lark Musical Society Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Dallas Wind Symphony ($901k), Childrens Museum at Saratoga ($901k) and The Art Center Highland Park ($901k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $82k (10% of expenses). Other salaries and wages came to $115k. At year end it held assets of $4.2m against liabilities of $1.8m, net assets of $2.4m. It reported 12 employees.