Lombard Lilac Festival Parade Inc

Analysis

Lombard Lilac Festival Parade Inc is a registered charity in United States, based in Lombard, IL. It received its IRS tax-exemption ruling in April 1979, 47 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 June 2024, Lombard Lilac Festival Parade Inc reported income of $53k and spending of $40k, leaving 24% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $16k to $53k (+235%), an average of +235% a year. The sharpest change came in the year to June 2024, when income rose by 235%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lombard Lilac Festival Parade Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 22nd percentile within IL. Charities of a similar size with the same main cause include Friends of the West Tisbury Library Inc ($53k), PTA New York Congress ($53k) and Tom Jacob World Evangelism ($53k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $17k against liabilities of $0, net assets of $17k.