Lampion Center Inc

Analysis

Lampion Center Inc is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in March 1941, 85 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lampion Center Inc reported income of $1.2m and spending of $1.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $912k to $1.2m (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lampion Center Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within IN. Charities of a similar size with the same main cause include Operation Shoebox ($1.2m), Urban League Twin Cities ($1.2m) and Near East Media ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $141k (12% of expenses). Other salaries and wages came to $603k. At year end it held assets of $2.2m against liabilities of $30k, net assets of $2.2m. It reported 19 employees.