Joseph Lemm Memorial Foundation Ltd

Analysis

Joseph Lemm Memorial Foundation Ltd is a registered charity in United States, based in Purchase, NY. It received its IRS tax-exemption ruling in April 2020, 6 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, Joseph Lemm Memorial Foundation Ltd reported income of $72k and spending of $43k, leaving 41% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $72k (+10%), an average of +10% a year. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Joseph Lemm Memorial Foundation Ltd sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include His Lighthouse Inc ($72k), Heartfirst Charitable Foundation ($72k) and National Charity League ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 19% of the total. At year end it held assets of $56k against liabilities of $11k, net assets of $45k.