Lambs Basket

Analysis

Lambs Basket is a registered charity in United States, based in Henrico, VA. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Lambs Basket reported income of $51k and spending of $69k, spending 137% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $66k to $51k (-23%), an average of -12% a year. The sharpest change came in the year to December 2022, when income dropped by 100%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lambs Basket sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within VA. Charities of a similar size with the same main cause include 2liv4 ($51k), Oasis Project of South Florida Inc ($51k) and Loyalsock Valley Antique Machinery Association Inc ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $157k against liabilities of $0, net assets of $157k.