LMC Children Services Inc

Analysis

LMC Children Services Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, LMC Children Services Inc reported income of $1.4m and spending of $1.2m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.4m (+36%), an average of +8.1% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, LMC Children Services Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Sydney Paige Foundation ($1.4m), Second Chance Foods ($1.4m) and Children of Diversity Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $375k against liabilities of $138k, net assets of $236k. It reported 5 employees.