Lmta Foundation Inc

Analysis

Lmta Foundation Inc is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Lmta Foundation Inc reported income of $972k and spending of $769k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income fell from $977k to $972k (-0.5%), an average of -0.5% a year. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lmta Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within LA. Charities of a similar size with the same main cause include Laramie County Library Foundation Inc ($972k), Promise Academy ($972k) and Unity School Inc ($971k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $1.5m against liabilities of $16k, net assets of $1.5m.