Percy & Zina Lamar Foundation

Analysis

Percy & Zina Lamar Foundation is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in October 1960, 66 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Percy & Zina Lamar Foundation reported income of $464k and spending of $464k, spending 100% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $321k to $464k (+44%), an average of +9.6% a year. The sharpest change came in the year to March 2022, when income rose by 54%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Percy & Zina Lamar Foundation 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 69th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Va Yomer Hineni Foundation ($464k), Serotonin Surge Charities ($464k) and Raisedby US Inc ($464k).

Compensation of current officers, directors and key employees was $60k (13% of expenses). At year end it held assets of $1.6m against liabilities of $404k, net assets of $1.2m.