Lomas & Saum Foundation

Analysis

Lomas & Saum Foundation is a registered charity in United States, based in Gettysburg, PA. It received its IRS tax-exemption ruling in April 2021, 5 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, Lomas & Saum Foundation reported income of $123k and spending of $135k, spending 110% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $356k to $123k (-66%), an average of -41% a year. The sharpest change came in the year to December 2022, when income dropped by 72%. Over the whole period it spent 59% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lomas & Saum Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within PA. Charities of a similar size with the same main cause include Resilient Navigation and Timing Foundation Inc ($123k), The Naraya Cultural Preservation Council Inc ($123k) and Academics for the Future of Science Incorporated ($123k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. At year end it held assets of $460k against liabilities of $214k, net assets of $246k.