Lambda South Inc

Analysis

Lambda South Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in April 1986, 40 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Lambda South Inc reported income of $68k and spending of $75k, spending 111% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $86k to $68k (-21%), an average of -7.6% a year. The sharpest change came in the year to December 2022, when income rose by 67700%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lambda South Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 30th percentile within FL. Charities of a similar size with the same main cause include Forney Area United Way ($68k), Lawndale Little League Inc ($68k) and The Simi Valley Music Boosters ($68k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 97% of the total. At year end it held assets of $329k against liabilities of -$15, net assets of $330k.

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.