LPMC Foundation

Analysis

LPMC Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, LPMC Foundation reported income of $65k and spending of $16k, leaving 75% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $61k to $65k (+6.7%), an average of +1.6% a year. The sharpest change came in the year to December 2021, when income rose by 201%. Over the whole period it spent 31% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, LPMC Foundation sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within IL. Charities of a similar size with the same main cause include LA Donna Dance Inc ($65k), North Hero Historical Society ($65k) and National Association of Dance and Affiliated Arts Inc ($65k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $785k against liabilities of $0, net assets of $785k.