LMP Corporation

Analysis

LMP Corporation is a registered charity in United States, based in Madison, AL. It received its IRS tax-exemption ruling in July 2021, 5 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, LMP Corporation reported income of $62k and spending of $76k, spending 122% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $113k to $62k (-45%), an average of -45% a year. The sharpest change came in the year to December 2023, when income dropped by 45%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, LMP Corporation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 23rd percentile within AL. Charities of a similar size with the same main cause include Instrumental Music Patrons of Cuyahoga Falls Ohio ($62k), Brazilian Center for Cultural Exchange of Sacramento ($62k) and Covered Bridge Players ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $20k against liabilities of $0, net assets of $20k.