Lime Rock Foundation

Analysis

Lime Rock Foundation is a registered charity in United States, based in Newport, RI. It received its IRS tax-exemption ruling in April 2022, 4 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, Lime Rock Foundation reported income of $82k and spending of $46k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $94k to $82k (-12%), an average of -12% a year. Over the whole period it spent 37% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lime Rock Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 27th percentile within RI. Charities of a similar size with the same main cause include Literary Freedom Project Inc ($82k), Rosenfeld Org Inc ($82k) and The Friends of the Rural Life Museum Inc ($82k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $111k against liabilities of $0, net assets of $111k.