Lotus Victory Foundation Inc

Analysis

Lotus Victory Foundation Inc is a registered charity in United States, based in Far Rockaway, NY. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lotus Victory Foundation Inc reported income of $181k and spending of $190k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $250k to $181k (-28%), an average of -7.7% a year. The sharpest change came in the year to December 2020, when income rose by 136%. Over the whole period it spent 37% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lotus Victory Foundation Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Skyline Residential Services Inc ($181k), Salina YMCA Endowment Foundation ($181k) and Bloom House Youth Services Inc ($181k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.