Fladt Lehman Memorial Trust

Analysis

Fladt Lehman Memorial Trust is a registered charity in United States, based in Burlington, IA. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation (type iii other) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Fladt Lehman Memorial Trust reported income of $156k and spending of $182k, spending 116% of what it took in. Across the 5 years on record, from July 2020 to July 2024, income fell from $177k to $156k (-12%), an average of -3.2% a year. The sharpest change came in the year to July 2023, when income rose by 16%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Fladt Lehman Memorial Trust sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within IA. Charities of a similar size with the same main cause include Mt Zion Baptist Church of South Sebastian County Ar ($156k), Cheerful Hearts Ministry Inc ($156k) and Destiny Praise Worship Center ($156k).

On its Form 990 for the period ending July 2024, revenue came from program service revenue 43% of the total. Compensation of current officers, directors and key employees was $21k (12% of expenses). At year end it held assets of $3.4m against liabilities of $0, net assets of $3.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.