Lima 370 Charity Foundation Inc

Analysis

Lima 370 Charity Foundation Inc is a registered charity in United States, based in Lima, OH. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Lima 370 Charity Foundation Inc reported income of $613k and spending of $709k, spending 116% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income grew from $245k to $613k (+150%), an average of +26% a year. The sharpest change came in the year to May 2022, when income rose by 60%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lima 370 Charity Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within OH. Charities of a similar size with the same main cause include Grand Harbor Community Outreach Program Inc ($613k), Reisterstown Gardens Senior Housing Inc ($613k) and Harry Weinberg Family Foundation Inc ($612k).

At year end it held assets of $261k against liabilities of $0, net assets of $261k.