Theta Mu Lambda Charitable Foundation

Analysis

Theta Mu Lambda Charitable Foundation is a registered charity in United States, based in Chicago HTS, IL. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Theta Mu Lambda Charitable Foundation reported income of $75k and spending of $63k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $106k to $75k (-29%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Theta Mu Lambda Charitable Foundation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within IL. Charities of a similar size with the same main cause include The Dean Randazzo Cancer Foundation ($75k), Lewisburg Primary School PTO ($75k) and Scholarship Yellow Medicine East ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 51% of the total. At year end it held assets of $115k against liabilities of $10k, net assets of $105k.