Lambda Theta Alpha Foundation Inc

Analysis

Lambda Theta Alpha Foundation Inc is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in July 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, Lambda Theta Alpha Foundation Inc reported income of $62k and spending of $31k, leaving 49% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $62k (+13%), an average of +13% a year. Over the whole period it spent 52% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lambda Theta Alpha Foundation Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within GA. Charities of a similar size with the same main cause include Ty Foundation Inc ($62k), St Maron Maronite Church of Minneapolis Nasseff Maronite ($62k) and Greenridge Deam Team Foundation ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 14% of the total. At year end it held assets of $140k against liabilities of $0, net assets of $140k.