XI Lambda Educational Foundation

Analysis

XI Lambda Educational Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 1992, 34 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 2024, XI Lambda Educational Foundation reported income of $292k and spending of $153k, leaving 48% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $60k to $292k (+386%), an average of +386% a year. The sharpest change came in the year to June 2024, when income rose by 386%. Over the whole period it spent 49% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, XI Lambda Educational Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within IL. Charities of a similar size with the same main cause include Westminster Manor Residents Association ($292k), Peninsula Library Foundation ($292k) and Brew House Arts ($292k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 86% of the total. At year end it held assets of $512k against liabilities of $32k, net assets of $480k.