Lyngblomsten Foundation

Analysis

Lyngblomsten Foundation is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in March 1986, 40 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 (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, Lyngblomsten Foundation reported income of $3.7m and spending of $1.9m, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $3.7m (+52%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 244%. Over the whole period it spent 68% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lyngblomsten Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include The Skatepark Project ($3.7m), Lifebox Foundation Inc ($3.7m) and Nfa Foundation Inc ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $148k. At year end it held assets of $14.1m against liabilities of $185k, net assets of $13.9m.