Arts, Culture & Humanities
(A26Z)
IRS Verified
DX Registered
990 on File
LAKE ARTS COUNCIL
Financial strength (30%)
65/100
Reliability (20%)
55/100
Effectiveness (25%)
73/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
Our mission statement is "to serve, educate and enrich our community through the arts" and is accomplished by participating in many community events as well as sponsoring several free events that are family oriented. Our goal is to connect the people of our community through the arts in every discipline including music, theater, dance, visual arts, fiber arts and writing. In an effort to reach more members of the community, we have partnered with several local art groups to attain that goal.
Financial Overview — FY 2024
$53K
Total Revenue
$69K
Total Expenses
$37K
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
100.0%
Fundraising Efficiency
N/A
Operating Reserve
6.35x
Liability-to-Asset
0.8%
Revenue Diversification
89.0%
Compared with Peers
FY 2024
Compared with 11,905 similar organizations
(United States, Arts, Culture & Humanities, under $100K in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
100.0% | 82.6% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
6.4 mo | 16.5 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.8% | 0.0% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
89.0% | 89.4% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
9.3% | 1.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
25.2% | 1.2% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-29.5% | 9.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $53K | $69K | $37K | 100.0% | — |
| 2023 | $49K | $55K | $52K | 100.0% | — |
| 2022 | $74K | $51K | N/A | — | 1 |
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