Lamar Institute Inc

Analysis

Lamar Institute Inc is a registered charity in United States, based in Rincon, GA. It received its IRS tax-exemption ruling in April 1984, 42 years ago. 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 January 2024, Lamar Institute Inc reported income of $52k and spending of $56k, spending 107% of what it took in. Across the 2 years on record, from January 2023 to January 2024, income grew from $31k to $52k (+65%), an average of +65% a year. The sharpest change came in the year to January 2024, when income rose by 65%. Over the whole period it spent 134% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lamar Institute Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 21st percentile within GA. Charities of a similar size with the same main cause include PTA Florida Congress ($52k), Agape Evangelical Serives Inc ($52k) and Norwood Park Historical Society ($52k).

On its Form 990-EZ for the period ending January 2024, revenue came from contributions and grants 2.6% and program service revenue 97% of the total. At year end it held assets of $27k against liabilities of $123, net assets of $27k.