Lamb Foundation of North Carolina Inc

Analysis

Lamb Foundation of North Carolina Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Lamb Foundation of North Carolina Inc reported income of $537k and spending of $535k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $546k to $537k (-1.7%), an average of -0.4% a year. The sharpest change came in the year to June 2022, when income rose by 50%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lamb Foundation of North Carolina Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include Droste Mental Health Services Inc ($537k), Sapientia Initiative Inc ($537k) and Hillsborough County Dental Research Clinic ($537k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $331k against liabilities of $0, net assets of $331k.