Lima Memorial Foundation

Analysis

Lima Memorial Foundation is a registered charity in United States, based in Lima, OH. It received its IRS tax-exemption ruling in January 1993, 33 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lima Memorial Foundation reported income of $2.0m and spending of $137k, leaving 93% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.0m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 4.5% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lima Memorial Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within OH. Charities of a similar size with the same main cause include Solve Me CFS Initiative Inc ($2.0m), Amarillo Wesley Community Center Inc ($2.0m) and Christ Classical Academy Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $9.9m against liabilities of -$2,334, net assets of $9.9m.