The Lazarus Rite Inc

Analysis

The Lazarus Rite Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, The Lazarus Rite Inc reported income of $330k and spending of $398k, spending 121% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $512k to $330k (-36%), an average of -36% a year. The sharpest change came in the year to December 2022, when income dropped by 36%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Lazarus Rite Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MD. Charities of a similar size with the same main cause include Water Drop ($330k), Community Outreach Group Inc ($330k) and Hilltop Urban Farm ($330k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $19k (4.7% of expenses). Other salaries and wages came to $218k. At year end it held assets of $72k against liabilities of $145k, net assets of -$74k. It reported 24 employees.