The Norman and Lida Myers Fund

Analysis

The Norman and Lida Myers Fund is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in March 1996, 30 years ago. 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 December 2023, The Norman and Lida Myers Fund reported income of $1.5m and spending of $1.3m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.5m (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2023, when income rose by 162%. Over the whole period it spent 122% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Norman and Lida Myers Fund sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within PA. Charities of a similar size with the same main cause include Victory Court Inc ($1.5m), Wyandot County Council on Aging Inc ($1.5m) and Randolph County YMCA Inc ($1.5m).

Compensation of current officers, directors and key employees was $102k (8.0% of expenses). At year end it held assets of $11.0m against liabilities of $0, net assets of $11.0m.