Florida Lambdarail LLC

Analysis

Florida Lambdarail LLC is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Florida Lambdarail LLC reported income of $8.0m and spending of $6.9m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.5m to $8.0m (+7.3%), an average of +1.8% a year. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Florida Lambdarail LLC sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include High Point Academy ($8.0m), Northeast Ohio Medical University Foundation ($8.0m) and Mansfield Preparatory Academy Inc ($8.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $597k (8.6% of expenses). Other salaries and wages came to $785k. At year end it held assets of $15.8m against liabilities of $1.6m, net assets of $14.2m.