Lima Fifty-four Athletic & Scholastic Fund Inc
Only null% goes to programs Strong reserves Declining revenue
Lima Fifty-four Athletic & Scholastic Fund Inc is a 501(c)(3) organization based in Lima, Ohio, registered in 2007, with $35,267 in FY2024 revenue. CharityIndex grades it D.
2050 Spencerville Rd, Lima, OH, 45805 EIN 26-1648617 Since 2007
Revenue (FY2024)
$35K
▼ 56.2% vs prior year
Education median: $200K
Expenses (FY2024)
$49K
Net assets
$66K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—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 Fifty-four Athletic & Scholastic Fund Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating16 mo reserves · -40% 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 Fifty-four Athletic & Scholastic Fund Inc: 16 mo reserves · -40% margin earns a D 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 Fifty-four Athletic & Scholastic Fund Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 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 Fifty-four Athletic & Scholastic Fund Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 2050 Spencerville Rd, Lima, OH, 45805
- City
- Lima
- State
- Ohio
- Category
- Education
- Subcategory
- Educational Services
Financial trends
Revenue declined from $41K (FY2010) to $35K (FY2024) across 15 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $66K
Operating margin
-40.1%
Spent more than it raised in the latest fiscal year.
Total assets
$66K
Total liabilities
$0
Net assets
$66K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $35,267▼56.2% | $49,401▼30.7% | $65,968▼17.6% | $65,968▼17.6% | 990EZ |
| 2023 | $80,595▲143% | $71,319▲32.3% | $80,102▲13.1% | $80,102▲13.1% | 990EZ |
| 2022 | $33,118▼63.8% | $53,914▼18.5% | $70,826▼22.7% | $70,826▼22.7% | 990EZ |
| 2021 | $91,567▲49.2% | $66,153▲8.8% | $91,622▲38.4% | $91,622▲38.4% | 990EZ |
| 2020 | $61,363▼6.1% | $60,829▲32.1% | $66,208▲0.8% | $66,208▲0.8% | 990EZ |
| 2019 | $65,357▲4.8% | $46,039▼9.6% | $65,674▲41.7% | $65,674▲41.7% | 990EZ |
| 2018 | $62,364▲17.9% | $50,924▲58.7% | $46,356▲32.8% | $46,356▲32.8% | 990EZ |
| 2017 | $52,898▲208% | $32,081▲23.1% | $34,916▲148% | $34,916▲148% | 990EZ |
| 2016 | $17,165▼60.1% | $26,062▼42.7% | $14,099▼38.7% | $14,099▼38.7% | 990EZ |
| 2015 | $43,034▲17.3% | $45,482▲14.6% | $22,996▼9.6% | $22,996▼9.6% | 990EZ |
| 2014 | $36,695▼23.6% | $39,691▲64.6% | $25,444▼10.5% | $25,444▼10.5% | 990EZ |
| 2013 | $48,030▲16.1% | $24,112▼41.4% | $28,440▲529% | $28,440▲529% | 990EZ |
| 2012 | $41,367▼31.7% | $41,123▼35.1% | $4,522▲5.7% | $4,522▲5.7% | 990EZ |
| 2011 | $60,586▲48.3% | $63,359▼2.0% | $4,278▼39.3% | $4,278▼39.3% | 990EZ |
| 2010 | $40,851 | $64,631 | $7,051 | $7,051 | 990EZ |
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.
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Compare Lima Fifty-four Athletic & Scholastic Fund Inc
Frequently asked questions
- Is Lima Fifty-four Athletic & Scholastic Fund Inc a legitimate nonprofit?
- Yes. Lima Fifty-four Athletic & Scholastic Fund Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 26-1648617, based in Lima, Ohio. Donations are tax-deductible.
- What is Lima Fifty-four Athletic & Scholastic Fund Inc's EIN?
- Lima Fifty-four Athletic & Scholastic Fund Inc's Employer Identification Number (EIN) is 26-1648617.
- How much revenue does Lima Fifty-four Athletic & Scholastic Fund Inc report?
- Lima Fifty-four Athletic & Scholastic Fund Inc reported $35,267 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Lima Fifty-four Athletic & Scholastic Fund Inc have?
- CharityIndex grades Lima Fifty-four Athletic & Scholastic Fund Inc D, based on financial health (reserves and operating margin).
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Data for Lima Fifty-four Athletic & Scholastic Fund Inc (EIN 26-1648617) 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.