Lihatzilum Inc

Analysis

Lihatzilum Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Lihatzilum Inc reported income of $858k and spending of $854k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $233k to $858k (+268%), an average of +268% a year. The sharpest change came in the year to December 2023, when income rose by 268%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lihatzilum Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include The Oregon American Legion Foundation ($858k), Pacers Basketball Corp Foundation Inc ($860k) and Generation Pledge Inc ($857k).

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 $19k against liabilities of $16k, net assets of $2,571.