LPM Endowment Foundation

Analysis

LPM Endowment Foundation is a registered charity in United States, based in Lynden, WA. It received its IRS tax-exemption ruling in July 2001, 25 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, LPM Endowment Foundation reported income of $66k and spending of $44k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $72k to $66k (-7.6%), an average of -2.0% a year. The sharpest change came in the year to December 2020, when income rose by 363%. Over the whole period it spent 34% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, LPM Endowment Foundation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 21st percentile within WA. Charities of a similar size with the same main cause include Crooked River Fine Arts Council ($66k), Woodshill Inc ($67k) and Paris Henry County Arts Council ($66k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.1% of the total. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.