Mu Lambda Foundation

Analysis

Mu Lambda Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 1996, 30 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 2023, Mu Lambda Foundation reported income of $202k and spending of $373k, spending 185% of what it took in. Across the 5 years on record, from December 2018 to December 2023, income grew from $98k to $202k (+105%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 1223%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mu Lambda Foundation sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 30th percentile within DC. Charities of a similar size with the same main cause include Weatherford Isd Education Foundation ($202k), The Daruby School ($202k) and Hurst Wood Education Foundation Inc ($202k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. At year end it held assets of $268k against liabilities of $0, net assets of $268k.