Lama Perth Amboy Inc

Analysis

Lama Perth Amboy Inc is a registered charity in United States, based in Perth Amboy, NJ. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Lama Perth Amboy Inc reported income of $76k and spending of $82k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $104k to $76k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 107% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lama Perth Amboy Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 37th percentile within NJ. Charities of a similar size with the same main cause include Brazos Bend State Park Volunteer Organization ($76k), Greensboro Womans Club Inc ($76k) and Mayfair Community Development Corp ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $187 against liabilities of $0, net assets of $187.