Leota Braun Charitable Foundation Inc

Analysis

Leota Braun Charitable Foundation Inc is a registered charity in United States, based in Rockford, OH. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Leota Braun Charitable Foundation Inc reported income of $92k and spending of $127k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $296k to $92k (-69%), an average of -25% a year. The sharpest change came in the year to December 2023, when income rose by 234%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Leota Braun Charitable Foundation Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within OH. Charities of a similar size with the same main cause include Lewer Foundation ($92k), Cameron Kiecke Memorial Foundation ($92k) and Peoples Cooperative Services Trust ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 67% of the total. At year end it held assets of $360k against liabilities of $0, net assets of $360k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.