Pan Am 103-Lockerbie Legacy Foundation Inc

Analysis

Pan Am 103-Lockerbie Legacy Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Pan Am 103-Lockerbie Legacy Foundation Inc reported income of $316k and spending of $992k, spending 314% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $228k to $316k (+38%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 66%. Over the whole period it spent 244% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pan Am 103-Lockerbie Legacy Foundation Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Cultureworks ($316k), Kokandy Productions ($316k) and Able - Artists Breaking Limits & Expectations ($316k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $344k. At year end it held assets of $341k against liabilities of $1.8m, net assets of -$1.4m. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.