L & M Products Inc

Analysis

L & M Products Inc is a registered charity in United States, based in Eaton, OH. It received its IRS tax-exemption ruling in August 1973, 53 years ago. 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, L & M Products Inc reported income of $1.1m and spending of $1.0m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.1m (-22%), an average of -6.0% a year. The sharpest change came in the year to December 2021, when income rose by 90%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, L & M Products Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include Sunrise Childrens Services Inc ($1.1m), The Shareholder Commons Inc ($1.1m) and National Lieutenant Governors Association Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $135k (13% of expenses). Other salaries and wages came to $468k. At year end it held assets of $2.1m against liabilities of $35k, net assets of $2.0m. It reported 29 employees.