Richard Lambert Foundation

Analysis

Richard Lambert Foundation is a registered charity in United States, based in Brighton, CO. It received its IRS tax-exemption ruling in July 2014, 12 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 2023, Richard Lambert Foundation reported income of $192k and spending of $200k, spending 104% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $178k to $192k (+7.9%), an average of +3.9% a year. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Richard Lambert Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 49th percentile within CO. Charities of a similar size with the same main cause include Pinellas Realtor Foundation Inc ($192k), United Way of Perry County Inc ($192k) and Millard West Wildcats Athletic Booster Club Inc ($192k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 21% of the total. Other salaries and wages came to $55k. At year end it held assets of $54k against liabilities of $1,475, net assets of $52k. It reported 2 employees.