Lamar Educational Awards Foundation

Analysis

Lamar Educational Awards Foundation is a registered charity in United States, based in Rosenberg, TX. It received its IRS tax-exemption ruling in July 1990, 36 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 December 2023, Lamar Educational Awards Foundation reported income of $677k and spending of $817k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $785k to $677k (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2022, when income rose by 84%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lamar Educational Awards Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Cummings Graduate Institute for Behavioral Health Studies Inc ($676k), Little Peoples Day Care Inc ($677k) and Council for Agricultural Science and Technology ($676k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Other salaries and wages came to $46k. At year end it held assets of $2.1m against liabilities of $531k, net assets of $1.6m.