Lewis H Latimer Fund Inc

Analysis

Lewis H Latimer Fund Inc is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in November 1990, 36 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 2023, Lewis H Latimer Fund Inc reported income of $1.6m and spending of $580k, leaving 63% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $277k to $1.6m (+470%), an average of +79% a year. The sharpest change came in the year to June 2023, when income rose by 211%. Over the whole period it spent 47% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lewis H Latimer Fund Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Wisconsin Policy Forum Inc ($1.6m), Eagan Athletic Association ($1.6m) and Hannibal Reional Foundation ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $75k (13% of expenses). Other salaries and wages came to $179k. At year end it held assets of $1.5m against liabilities of $14k, net assets of $1.5m. It reported 8 employees.