The Lebron James Family Foundation

Analysis

The Lebron James Family Foundation is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, The Lebron James Family Foundation reported income of $12.3m and spending of $11.4m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.9m to $12.3m (+149%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 119%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Lebron James Family Foundation 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 96th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Hospice of Southern West Virginia Inc ($12.3m), North Iowa Community Action Organization ($12.3m) and My Journey ($12.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $28.4m against liabilities of $3.9m, net assets of $24.5m. It reported 80 employees.