Lily Project Inc

Analysis

Lily Project Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Lily Project Inc reported income of $81k and spending of $122k, spending 151% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $115k to $81k (-30%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 120% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lily Project Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within IL. Charities of a similar size with the same main cause include Community Health Improvement Associates ($81k), One Call Away ($81k) and One Health Medical ($81k).

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 $31k (26% of expenses). Other salaries and wages came to $19k. At year end it held assets of $7,322 against liabilities of $0, net assets of $7,322.