Lemmon Foundation Inc

Analysis

Lemmon Foundation Inc is a registered charity in United States, based in Canton, OH. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lemmon Foundation Inc reported income of $1.6m and spending of $565k, leaving 65% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $4.0m to $1.6m (-59%), an average of -59% a year. The sharpest change came in the year to December 2023, when income dropped by 59%. Over the whole period it spent 10% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lemmon Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within OH. Charities of a similar size with the same main cause include Ladies Village Improvement Society of East Hampton Long Island Inc ($1.6m), We Stay-Nos Quedamos Inc ($1.6m) and Universal Community Homes ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $5.4m against liabilities of $0, net assets of $5.4m.