Lithuanian American Community Inc

Analysis

Lithuanian American Community Inc is a registered charity in United States, based in Lemont, IL. It received its IRS tax-exemption ruling in May 1989, 37 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 2021, Lithuanian American Community Inc reported income of $681k and spending of $692k, spending 102% of its income. Across the 3 years on record, from December 2019 to December 2021, income fell from $962k to $681k (-29%), an average of -16% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lithuanian American Community 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 75th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include Norfolk Family Coalition Inc ($680k), Beth El Foundation of Minnesota Inc ($682k) and Operation Patriots Fob Inc ($680k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 26% and program service revenue 67% of the total. At year end it held assets of $2.0m against liabilities of $29k, net assets of $2.0m.