L H Foundation Inc

Analysis

L H Foundation Inc is a registered charity in United States, based in Lincolndale, NY. It received its IRS tax-exemption ruling in September 1986, 40 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, L H Foundation Inc reported income of $408k and spending of $715k, spending 175% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $203k to $408k (+101%), an average of +19% a year. The sharpest change came in the year to June 2020, when income rose by 81%. Over the whole period it spent 134% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, L H Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Friends of the Library Society of Springfield Greene County ($408k), Jurupa Mountains Cultural Center ($408k) and Heart to Heart Pregnancy Center ($408k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.0% of the total. At year end it held assets of $28.0m against liabilities of $41k, net assets of $28.0m.