The Lamb Foundation

Analysis

The Lamb Foundation is a registered charity in United States, based in North Wales, PA. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, The Lamb Foundation reported income of $4.2m and spending of $4.3m, spending 103% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $4.0m to $4.2m (+4.2%), an average of +1.4% a year. The sharpest change came in the year to September 2021, when income dropped by 17%. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Lamb Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Community Strategies Group ($4.2m), Caleb Foundation Inc ($4.2m) and Campbell-Stone North Apartments Inc ($4.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 22% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $100k (2.3% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $5.5m against liabilities of $4.7m, net assets of $805k. It reported 61 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.