Lappin Foundation

Analysis

Lappin Foundation is a registered charity in United States, based in Beverly, MA. It received its IRS tax-exemption ruling in March 2013, 13 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, Lappin Foundation reported income of $1.8m and spending of $1.9m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $875k to $1.8m (+110%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 159%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lappin Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include World Reach Inc ($1.8m), Village Presbyterian Church Endowment Trust ($1.8m) and Got Questions Ministries ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.9% of the total. Other salaries and wages came to $677k. At year end it held assets of $814k against liabilities of $195k, net assets of $619k. It reported 11 employees.