Lemnis

Analysis

Lemnis is a registered charity in United States, based in Beaverton, OR. It received its IRS tax-exemption ruling in November 1977, 49 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lemnis reported income of $23.0m and spending of $4.9m, leaving 78% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income fell from $157.8m to $23.0m (-85%), an average of -32% a year. The sharpest change came in the year to June 2023, when income rose by 414%. Over the whole period it spent 51% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lemnis sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within OR. Charities of a similar size with the same main cause include Empire Springs Charter School ($22.9m), Sanford School Inc ($23.0m) and Und Aerospace Foundation ($22.9m).

Compensation of current officers, directors and key employees was $826k (17% of expenses). Other salaries and wages came to $585k. At year end it held assets of $908.3m against liabilities of $1.3m, net assets of $907.1m. It reported 1,324 employees.