Lama Foundation

Analysis

Lama Foundation is a registered charity in United States, based in San Cristobal, NM. It received its IRS tax-exemption ruling in April 1968, 58 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 (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 Foundation reported income of $280k and spending of $373k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $301k to $280k (-6.8%), an average of -1.8% a year. The sharpest change came in the year to December 2020, when income rose by 56%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lama Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NM. Charities of a similar size with the same main cause include Houston Latin American Philharmonic Orchestra ($280k), Theatre of Youth Company Inc ($281k) and Splashes of Hope Inc ($280k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $1,008 (0.3% of expenses). At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.