LMBM Inc

Analysis

LMBM Inc is a registered charity in United States, based in Chagrin Falls, OH. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, LMBM Inc reported income of $173k and spending of $239k, spending 138% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $174k to $173k (-0.3%), an average of -0.2% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 172% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, LMBM Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within OH. Charities of a similar size with the same main cause include Alpha Lighthouse LLC ($173k), Restoration Center of the United Brethren Inc ($173k) and Renewal ($173k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $74k (31% of expenses). Other salaries and wages came to $2,600. At year end it held assets of $922k against liabilities of $1.2m, net assets of -$248k. It reported 4 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.