First United Methodist Church of Lagrange Memorial Foundation Inc

Analysis

First United Methodist Church of Lagrange Memorial Foundation Inc is a registered charity in United States, based in Lagrange, GA. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, First United Methodist Church of Lagrange Memorial Foundation Inc reported income of $125k and spending of $103k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $93k to $125k (+33%), an average of +7.5% a year. The sharpest change came in the year to December 2023, when income rose by 78%. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, First United Methodist Church of Lagrange Memorial Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 45th percentile within GA. Charities of a similar size with the same main cause include Lions Club of Antioch Foundation NFP ($125k), Virgin Islands Centre for Architecture Crafts and Build ($125k) and O Berry Center Foundation Inc ($125k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% of the total. At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m.