The Lilabean Foundation Inc

Analysis

The Lilabean Foundation Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, The Lilabean Foundation Inc reported income of $1.1m and spending of $1.1m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $361k to $1.1m (+215%), an average of +33% a year. The sharpest change came in the year to December 2021, when income rose by 118%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Lilabean Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MD. Charities of a similar size with the same main cause include Home of Grace for Women Inc ($1.1m), Chastity Project ($1.1m) and Community Housing of Darke Miami & Shelby Counties Incorporated ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $85k (7.6% of expenses). Other salaries and wages came to $81k. At year end it held assets of $655k against liabilities of $218k, net assets of $438k. It reported 3 employees.