Sigma Lambda Beta Education Foundation Inc

Analysis

Sigma Lambda Beta Education Foundation Inc is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Sigma Lambda Beta Education Foundation Inc reported income of $366k and spending of $261k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $53k to $366k (+595%), an average of +595% a year. The sharpest change came in the year to December 2023, when income rose by 595%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sigma Lambda Beta Education Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within IA. Charities of a similar size with the same main cause include Arts Academy Charter Middle School Foundation ($366k), Seattle Athenaeum ($366k) and Charles Henry Leach II Fund for Duquesne University ($366k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $490k against liabilities of $0, net assets of $490k.