Lynn Colbert Charitable Foundation

Analysis

Lynn Colbert Charitable Foundation is a registered charity in United States, based in Duncan, OK. It received its IRS tax-exemption ruling in January 2008, 18 years ago. 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 June 2023, Lynn Colbert Charitable Foundation reported income of $8.2m and spending of $4.6m, leaving 44% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.3m to $8.2m (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2022, when income rose by 101%. Over the whole period it spent 46% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lynn Colbert Charitable Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within OK. Charities of a similar size with the same main cause include Appalachian Bible College Inc ($8.2m), Horizons of Tuscarawas and Carroll Cos Inc ($8.2m) and Turlock Christian Schools ($8.2m).

Compensation of current officers, directors and key employees was $485k (10% of expenses). At year end it held assets of $50.3m against liabilities of $0, net assets of $50.3m.