Lima Area Chamber Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Lima Area Chamber Foundation is a 501(c)(3) organization based in Lima, Ohio, registered in 1987, with $504,123 in FY2023 revenue. CharityIndex grades it B.
144 S Main St Ste 100, Lima, OH, 45801 EIN 34-1536300 Since 1987
Revenue (FY2023)
$504K
▼ 36.1% vs prior year
Expenses (FY2023)
$452K
Net assets
$1.7M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Lima Area Chamber Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating46 mo reserves · +10% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Lima Area Chamber Foundation: 46 mo reserves · +10% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Lima Area Chamber Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Lima Area Chamber Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $268K (FY2013) to $504K (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $5.8MNet assets $1.7M
Operating margin
10.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$7.5M
Total liabilities
$5.8M
Net assets
$1.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $504,123▼36.1% | $452,404▲10.2% | $1,728,068▲3.1% | $7,503,808▲178% | 990 |
| 2022 | $789,133▲27.6% | $410,597▼9.3% | $1,676,349▲44.0% | $2,696,383▲17.4% | 990 |
| 2021 | $618,631▲79.3% | $452,881▲38.6% | $1,164,362▲2.7% | $2,297,189▼1.8% | 990 |
| 2020 | $345,021▼2.0% | $326,647▼4.2% | $1,133,612▲1.6% | $2,338,374▲0.6% | 990 |
| 2019 | $352,170▲62.4% | $340,834▲21.9% | $1,115,238▲1.0% | $2,324,620▼5.3% | 990 |
| 2018 | $216,819▼49.5% | $279,643▲13.6% | $1,103,902▼5.4% | $2,454,911▼3.6% | 990 |
| 2017 | $429,437▲139% | $246,193▲18.7% | $1,166,726▲18.6% | $2,545,406▲3.7% | 990 |
| 2016 | $179,614▲4.1% | $207,347▲18.5% | $983,482▼2.7% | $2,453,716▼2.7% | 990 |
| 2015 | $172,582▼3.1% | $174,957▲4.6% | $1,011,215▼0.2% | $2,520,854▼2.6% | 990 |
| 2014 | $178,187▼33.4% | $167,281▼47.9% | $1,013,590▲1.1% | $2,588,451▼1.1% | 990 |
| 2013 | $267,582 | $321,291▼22.7% | $1,002,684▼5.1% | $2,617,123▼5.3% | 990 |
| 2012 | — | $415,399▼47.6% | $1,056,393▼6.6% | $2,763,109▼5.4% | 990 |
| 2011 | — | $792,784▲19.6% | $1,130,663▼1.7% | $2,919,657▼5.2% | 990 |
| 2010 | — | $662,990 | $1,150,627 | $3,079,841 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $710K total
12 grants to Lima Area Chamber Foundation totaling $710K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Bon Secours Mercy Health Inc | Program support | 2024 | $200,941 |
| Cleveland Foundation | To support the central district innovation hub and its computer lab that will be used by underserved students and adults to access the internet and devices for purposes of facilitating job searches, educational pursuits and workforce development training. | 2024 | $25,000 |
| Bon Secours Mercy Health Inc | Mission support | 2023 | $89,962 |
| Bon Secours Mercy Health Foundation | Program support | 2023 | $70,000 |
| Bon Secours Mercy Health Inc | Mission support | 2022 | $110,500 |
| AARP | Grant to increase residents' access to fresh produce, education, and socialization activities | 2022 | $5,500 |
| Bon Secours Mercy Health Inc | Mission support | 2021 | $137,000 |
| Cleveland Foundation | Transform it mentoring program, providing technology mentoring and technology resource access to students of color and female students in 10th grade for three years. | 2021 | $15,000 |
| Greater Cincinnati Foundation | General purpose | 2017 | $30,000 |
| Cleveland Foundation | Young entrepreneurs academy | 2015 | $6,500 |
| Lima Memorial Joint Operating Company | Community development | 2014 | $10,000 |
| Cleveland Foundation | To support the college access program | 2014 | $10,000 |
Frequently asked questions
- Is Lima Area Chamber Foundation a legitimate nonprofit?
- Yes. Lima Area Chamber Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 34-1536300, based in Lima, Ohio. Donations are tax-deductible.
- What is Lima Area Chamber Foundation's EIN?
- Lima Area Chamber Foundation's Employer Identification Number (EIN) is 34-1536300.
- How much revenue does Lima Area Chamber Foundation report?
- Lima Area Chamber Foundation reported $504,123 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Lima Area Chamber Foundation have?
- CharityIndex grades Lima Area Chamber Foundation B, based on financial health (reserves and operating margin).
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Explore more
Data for Lima Area Chamber Foundation (EIN 34-1536300) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.