Lazarus Project

Analysis

Lazarus Project is a registered charity in United States, based in Mendota HTS, MN. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Lazarus Project reported income of $1.1m and spending of $1.0m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.1m (+5.0%), an average of +1.2% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lazarus Project sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MN. Charities of a similar size with the same main cause include Edinboro University Foundation ($1.1m), Laguna Beach Education Foundation ($1.1m) and Codman Academy Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.4% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $155k (15% of expenses). Other salaries and wages came to $497k. At year end it held assets of $567k against liabilities of $340k, net assets of $227k. It reported 21 employees.