Lambs Residence No 2 Inc

Analysis

Lambs Residence No 2 Inc is a registered charity in United States, based in Libertyville, IL. It received its IRS tax-exemption ruling in July 1978, 48 years ago. 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, Lambs Residence No 2 Inc reported income of $951k and spending of $925k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $951k (-17%), an average of -4.5% a year. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lambs Residence No 2 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 79th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include New Jersey Theatre Alliance Inc ($951k), Epilepsy Foundation of Colorado ($951k) and Family Support Network ($951k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $4.6m against liabilities of $1.6m, net assets of $3.0m.