Lemars Community School District Foundation

Analysis

Lemars Community School District Foundation is a registered charity in United States, based in Le Mars, IA. It received its IRS tax-exemption ruling in June 1992, 34 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 (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, Lemars Community School District Foundation reported income of $1.2m and spending of $170k, leaving 85% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $678k to $1.2m (+73%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 112%. Over the whole period it spent 65% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lemars Community School District Foundation sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within IA. Charities of a similar size with the same main cause include United Way of Beaumont & North Jefferson County ($1.2m), North Texas Family Health Foundation ($1.2m) and Korean American Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.