Delta Lamba Foundation Inc

Analysis

Delta Lamba Foundation Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in January 2017, 9 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 June 2023, Delta Lamba Foundation Inc reported income of $116k and spending of $164k, spending 141% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $173k to $116k (-33%), an average of -9.5% a year. The sharpest change came in the year to June 2021, when income dropped by 21%. Over the whole period it spent 118% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Delta Lamba Foundation Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within MD. Charities of a similar size with the same main cause include Lunch Bucket ($116k), Connecticut Freemasons Foundation Inc ($116k) and Marietta Johnson School of Organic Education ($116k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.2% of the total. At year end it held assets of $1.0m against liabilities of $1.1m, net assets of -$127k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.