Lathrop GPM Foundation

Analysis

Lathrop GPM Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 1983, 43 years ago. 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 2023, Lathrop GPM Foundation reported income of $158k and spending of $268k, spending 170% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $251k to $158k (-37%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lathrop GPM Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within MN. Charities of a similar size with the same main cause include For My God and My Country Inc ($158k), West Chamber Serving Jefferson County Foundation ($158k) and Findlay Area Chamber Foundation ($158k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $384k against liabilities of $0, net assets of $384k.