Elma M Lapp Foundation

Analysis

Elma M Lapp Foundation is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in April 2017, 9 years ago. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2024, Elma M Lapp Foundation reported income of $1.8m and spending of $3.5m, spending 195% of what it took in. Across the 6 years on record, from September 2019 to September 2024, income fell from $2.6m to $1.8m (-31%), an average of -7.1% a year. The sharpest change came in the year to September 2024, when income dropped by 23%. Over the whole period it spent 137% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Elma M Lapp 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 85th percentile, and in the 85th percentile within OH. Charities of a similar size with the same main cause include BHC Foundation ($1.8m), Horton House Interfaith Housing Corp ($1.8m) and Ocean State Montessori School Inc ($1.8m).

Compensation of current officers, directors and key employees was $143k (4.1% of expenses). At year end it held assets of $45.3m against liabilities of $0, net assets of $45.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.