Norfolk Lions Charities Inc

Analysis

Norfolk Lions Charities Inc is a registered charity in United States, based in Norfolk, MA. It received its IRS tax-exemption ruling in February 2002, 24 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Norfolk Lions Charities Inc reported income of $87k and spending of $86k, spending 98% of its income. Across the 3 years on record, from June 2019 to June 2023, income grew from $54k to $87k (+61%), an average of +27% a year. The sharpest change came in the year to June 2022, when income rose by 75%. Over the whole period it spent 106% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Norfolk Lions Charities Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 41st percentile within MA. Charities of a similar size with the same main cause include Wisdom Inc ($87k), Local Access ($87k) and John & Mildred Clifford Charitable Farm TR Uad Jan 21- 200 ($87k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 20% of the total. At year end it held assets of $56k against liabilities of $0, net assets of $56k.