The Ed Lally Foundation Inc

Analysis

The Ed Lally Foundation Inc is a registered charity in United States, based in Bel Air, MD. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, The Ed Lally Foundation Inc reported income of $145k and spending of $131k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $89k to $145k (+62%), an average of +62% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Ed Lally Foundation Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 47th percentile within MD. Charities of a similar size with the same main cause include Travis Burkhart Foundation ($145k), Wisdom House Collaborative ($145k) and International Ivf Initiative Inc ($145k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 42% of the total. Other salaries and wages came to $85k. At year end it held assets of $31k against liabilities of $1,202, net assets of $30k. It reported 5 employees.