Lot 2540 Incorporated

Analysis

Lot 2540 Incorporated is a registered charity in United States, based in Summerfield, NC. It received its IRS tax-exemption ruling in April 2012, 14 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 2022, Lot 2540 Incorporated reported income of $341k and spending of $322k, spending 95% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $238k to $341k (+43%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lot 2540 Incorporated sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within NC. Charities of a similar size with the same main cause include Neidlinger Garden Court Inc ($340k), Divine Providence Ministries Inc ($341k) and Keller Isd Education Foundation Inc ($340k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 39% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $56k (17% of expenses). Other salaries and wages came to $134k. At year end it held assets of $167k against liabilities of $19k, net assets of $148k. It reported 17 employees.