Lyles Foundation

Analysis

Lyles Foundation is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in May 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lyles Foundation reported income of $525k and spending of $6.9m, spending 1309% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.3m to $525k (-84%), an average of -37% a year. The sharpest change came in the year to December 2023, when income dropped by 88%. Over the whole period it spent 106% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lyles Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Neighborhood Care Center Inc ($524k), Greater Hermiston Community Foundation ($525k) and Tzdaka Foundation Inc ($524k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% of the total. At year end it held assets of $42.4m against liabilities of $5.9m, net assets of $36.5m.