Greater Lombardo Open Foundation Inc

Analysis

Greater Lombardo Open Foundation Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in December 2016, 10 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 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, Greater Lombardo Open Foundation Inc reported income of $98k and spending of $99k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $87k to $98k (+13%), an average of +13% a year. 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, Greater Lombardo Open Foundation Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within WI. Charities of a similar size with the same main cause include Maddox J Almeida Foundation Corp ($98k), Bucholtz Fam Charitable Declaration of TR ($98k) and The Inner Circle Inc ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 13% of the total. At year end it held assets of $50k against liabilities of $23k, net assets of $27k.