Lyme Community Foundation Inc

Analysis

Lyme Community Foundation Inc is a registered charity in United States, based in Chaumont, NY. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 August 2024, Lyme Community Foundation Inc reported income of $85k and spending of $74k, spending 87% of its income. Across the 2 years on record, from August 2023 to August 2024, income grew from $57k to $85k (+49%), an average of +49% a year. The sharpest change came in the year to August 2024, when income rose by 49%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lyme Community Foundation Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within NY. Charities of a similar size with the same main cause include South Shore Snap ($85k), Oregon Interscholastic Ski Racing Association ($85k) and Little League Baseball Inc ($85k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 70% and program service revenue 18% of the total. At year end it held assets of $362k against liabilities of $0, net assets of $362k.