Lambda State Foundation for Educational Studies Inc

Analysis

Lambda State Foundation for Educational Studies Inc is a registered charity in United States, based in Princeton, IL. It received its IRS tax-exemption ruling in June 1986, 40 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Lambda State Foundation for Educational Studies Inc reported income of $80k and spending of $40k, leaving 50% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $215k to $80k (-63%), an average of -63% a year. The sharpest change came in the year to June 2024, when income dropped by 63%. Over the whole period it spent 25% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lambda State Foundation for Educational Studies Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within IL. Charities of a similar size with the same main cause include American Friends of Yeshivat Nahlat-David Inc ($80k), Islamic Center of Live Oak California ($80k) and Leadership Shelby County Inc ($80k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 58% of the total. At year end it held assets of $660k against liabilities of $0, net assets of $660k.