Lymelight Foundation Inc

Analysis

Lymelight Foundation Inc is a registered charity in United States, based in Burlingame, CA. It received its IRS tax-exemption ruling in November 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Lymelight Foundation Inc reported income of $822k and spending of $1.4m, spending 174% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $647k to $822k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2020, when income rose by 299%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lymelight Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Family Housing Network of Fort Collins Inc ($822k), Baldwin Family Violence Shelter ($822k) and Havenwood-Heritage Heights Trust Fund ($822k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% of the total. At year end it held assets of $1.9m against liabilities of $105k, net assets of $1.8m.