Lithuanian World Center

Analysis

Lithuanian World Center is a registered charity in United States, based in Lemont, IL. It received its IRS tax-exemption ruling in July 1988, 38 years ago. 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, Lithuanian World Center reported income of $1.5m and spending of $1.3m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.5m (+34%), an average of +7.7% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lithuanian World Center sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Seniors Rising Homes Inc ($1.5m), Texas Christian Educational Foundation Inc ($1.5m) and Working in Neighborhoods ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 41% of the total. Other salaries and wages came to $451k. At year end it held assets of $4.9m against liabilities of $497k, net assets of $4.4m. It reported 13 employees.