Lima Community Foundation

Analysis

Lima Community Foundation is a registered charity in United States, based in Lima, OH. It received its IRS tax-exemption ruling in December 1966, 60 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, Lima Community Foundation reported income of $672k and spending of $1.1m, spending 164% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income grew from $617k to $672k (+9.0%), an average of +1.7% a year. The sharpest change came in the year to December 2020, when income rose by 109%. Over the whole period it spent 56% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lima Community Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within OH. Charities of a similar size with the same main cause include The Philatelic Foundation ($672k), Habitat for Humanity International Inc ($672k) and Public Access Television Corporation ($672k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $19k. At year end it held assets of $8.3m against liabilities of $7,317, net assets of $8.3m. It reported 2 employees.