Independent Lubricant Manufacturers Association Foundation

Analysis

Independent Lubricant Manufacturers Association Foundation is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Independent Lubricant Manufacturers Association Foundation reported income of $150k and spending of $112k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $109k to $150k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 79% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Independent Lubricant Manufacturers Association Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 46th percentile within VA. Charities of a similar size with the same main cause include Ryan Cameron Foundation Inc ($150k), 306 Foundation Inc ($150k) and Tunison Foundation Inc ($150k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $465k against liabilities of $9,274, net assets of $455k.