Lih Memorial Grant Fund

Analysis

Lih Memorial Grant Fund is a registered charity in United States, based in Brookline VLG, MA. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Lih Memorial Grant Fund reported income of $11.3m and spending of $11.4m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.2m to $11.3m (+117%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lih Memorial Grant Fund sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Mountain Heights Academy ($11.3m), Genesis Innovation Academy Inc ($11.3m) and Community Preparatory School ($11.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $48k. At year end it held assets of $587k against liabilities of $0, net assets of $587k.