Lima Company Memorial

Analysis

Lima Company Memorial is a registered charity in United States, based in Grove City, OH. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Lima Company Memorial reported income of $284k and spending of $323k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $234k to $284k (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2021, when income rose by 204%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lima Company Memorial sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within OH. Charities of a similar size with the same main cause include Barn Arts Center for the Arts Company ($283k), The Hershey Symphony Orchestra Society ($284k) and Hmong Southeast Puav Pheej Inc ($283k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 42% of the total. Other salaries and wages came to $136k. At year end it held assets of $94k against liabilities of $12k, net assets of $82k. It reported 3 employees.