Lilly Awards Foundation Inc

Analysis

Lilly Awards Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2010, 16 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, Lilly Awards Foundation Inc reported income of $499k and spending of $959k, spending 192% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $275k to $499k (+81%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 330%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lilly Awards Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Frankfort Childrens Museum NFP ($499k), Vermont Granite Museum of Barre Inc ($499k) and Christian Youth Theater Portland Vancouver ($499k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $75k (7.8% of expenses). At year end it held assets of $519k against liabilities of $26k, net assets of $493k. It reported 1 employees.