Lil Inc

Analysis

Lil Inc is a registered charity in United States, based in Pleasanton, CA. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Lil Inc reported income of $2.5m and spending of $2.7m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.3m to $2.5m (-25%), an average of -6.8% a year. The sharpest change came in the year to December 2022, when income rose by 76%. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lil Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Oasis Therapeutic Life Centers Inc ($2.5m), Talbot County Free Library Association Incorporated ($2.5m) and US Sciences Po Foundation ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $710k (26% of expenses). Other salaries and wages came to $678k. At year end it held assets of $4.1m against liabilities of $107k, net assets of $4.0m. It reported 74 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.