Lemontree Foods Inc

Analysis

Lemontree Foods Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2018, 8 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lemontree Foods Inc reported income of $869k and spending of $714k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $586k to $869k (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 362%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lemontree Foods Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Miami Veterinary Foundation Inc ($869k), Northpoint College ($869k) and Westerly Land Trust ($869k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $188k (26% of expenses). Other salaries and wages came to $89k. At year end it held assets of $1.2m against liabilities of $15k, net assets of $1.2m.