The Lamp Foundation Inc

Analysis

The Lamp Foundation Inc is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, The Lamp Foundation Inc reported income of $409k and spending of $531k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $579k to $409k (-29%), an average of -8.3% a year. The sharpest change came in the year to December 2022, when income rose by 130%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Lamp Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within NJ. Charities of a similar size with the same main cause include Taylor Wellness Center Inc ($409k), Kids-Doc-On-Wheels Inc ($409k) and Brandon Merritt Charitable Foundation Inc ($409k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. Compensation of current officers, directors and key employees was $60k (11% of expenses). Other salaries and wages came to $197k. At year end it held assets of $543k against liabilities of $8,787, net assets of $534k. It reported 2 employees.