The Lambs Farm Inc

Analysis

The Lambs Farm Inc is a registered charity in United States, based in Libertyville, IL. It received its IRS tax-exemption ruling in July 1963, 63 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2023, The Lambs Farm Inc reported income of $14.8m and spending of $14.1m, spending 95% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $11.8m to $14.8m (+26%), an average of +4.7% a year. The sharpest change came in the year to June 2020, when income rose by 27%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Lambs Farm Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include Marc Inc of Manchester ($14.8m), Uptown Reinvestment Corporation Inc ($14.9m) and San Francisco Market Corporation ($14.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $297k (2.1% of expenses). Other salaries and wages came to $9.0m. At year end it held assets of $21.6m against liabilities of $2.1m, net assets of $19.5m. It reported 293 employees.