Lamholdenon Inc

Analysis

Lamholdenon Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Lamholdenon Inc reported income of $212k and spending of $227k, spending 107% of what it took in. Across the 3 years on record, from December 2019 to December 2022, income fell from $353k to $212k (-40%), an average of -22% a year. The sharpest change came in the year to December 2021, when income dropped by 50%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lamholdenon Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within GA. Charities of a similar size with the same main cause include Sierra Hospice ($212k), Ditch the Label U S ($212k) and Muscare Inc ($212k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $209k against liabilities of $67k, net assets of $142k.