The Lam Foundation

Analysis

The Lam Foundation is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in August 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, The Lam Foundation reported income of $1.5m and spending of $1.8m, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.5m (+4.7%), an average of +1.2% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Lam Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within OH. Charities of a similar size with the same main cause include Lehava-Rctt Reviving Communities Through Torah Inc ($1.5m), YMCA Foundation ($1.5m) and Gemach Chessed Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $227k (13% of expenses). Other salaries and wages came to $400k. At year end it held assets of $2.6m against liabilities of $348k, net assets of $2.2m. It reported 7 employees.