Lund Family Center Inc

Analysis

Lund Family Center Inc is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in September 1941, 85 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Lund Family Center Inc reported income of $10.7m and spending of $10.0m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.2m to $10.7m (+5.7%), an average of +1.4% a year. The sharpest change came in the year to June 2022, when income dropped by 25%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lund Family Center Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within VT. Charities of a similar size with the same main cause include Child Nutrition Program Inc ($10.7m), Heart Ministry Center Inc ($10.7m) and Silver Bay Association for Christian Conference and Training ($10.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $229k (2.3% of expenses). Other salaries and wages came to $6.1m. At year end it held assets of $15.0m against liabilities of $4.6m, net assets of $10.4m. It reported 191 employees.