Lynn Sowers Memorial Foundation Inc

Analysis

Lynn Sowers Memorial Foundation Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 2023, Lynn Sowers Memorial Foundation Inc reported income of $133k and spending of $77k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $133k (+84%), an average of +84% a year. The sharpest change came in the year to December 2023, when income rose by 84%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lynn Sowers Memorial 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 44th percentile, and in the 48th percentile within FL. Charities of a similar size with the same main cause include Friends of the Mill Valley Library ($133k), PTA California Congress of Parents Teachers & Students Inc ($133k) and Sonoma Petaluma Parks Inc ($133k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $210k against liabilities of $0, net assets of $210k.