Lamar School Foundation

Analysis

Lamar School Foundation is a registered charity in United States, based in Meridian, MS. It received its IRS tax-exemption ruling in May 1983, 43 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Lamar School Foundation reported income of $7.3m and spending of $6.1m, spending 85% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $5.8m to $7.3m (+24%), an average of +5.6% a year. The sharpest change came in the year to May 2022, when income rose by 47%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lamar School Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within MS. Charities of a similar size with the same main cause include Elevate Academy Nampa LLC ($7.3m), Tylers Place Az Inc ($7.3m) and Ouachita Christian Schools Inc ($7.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 13% and program service revenue 83% of the total. At year end it held assets of $10.8m against liabilities of $764k, net assets of $10.0m. It reported 149 employees.