Friends of the Lerner Inc

Analysis

Friends of the Lerner Inc is a registered charity in United States, based in Elkhart, IN. It received its IRS tax-exemption ruling in April 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Friends of the Lerner Inc reported income of $341k and spending of $439k, spending 129% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $110k to $341k (+209%), an average of +46% a year. The sharpest change came in the year to December 2021, when income rose by 182%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Lerner Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within IN. Charities of a similar size with the same main cause include Andover Athletic Association ($341k), United State Bowling Congress Inc ($341k) and The International Society for Eye Research ($341k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.7% and program service revenue 87% of the total. At year end it held assets of $604k against liabilities of $500k, net assets of $104k.