London Town Foundation Inc

Analysis

London Town Foundation Inc is a registered charity in United States, based in Edgewater, MD. It received its IRS tax-exemption ruling in November 1985, 41 years ago. 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 2023, London Town Foundation Inc reported income of $1.3m and spending of $1.5m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.3m (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2021, when income rose by 90%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, London Town Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MD. Charities of a similar size with the same main cause include Boy Scouts of America ($1.3m), All Kids Can Learn International Inc ($1.3m) and Justa Center Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 8.7% of the total. Compensation of current officers, directors and key employees was $88k (5.9% of expenses). Other salaries and wages came to $707k. At year end it held assets of $1.7m against liabilities of $629k, net assets of $1.0m. It reported 25 employees.