LB Homes Foundation Inc

Analysis

LB Homes Foundation Inc is a registered charity in United States, based in Fergus Falls, MN. It received its IRS tax-exemption ruling in March 2007, 19 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 April 2023, LB Homes Foundation Inc reported income of $88k and spending of $14k, leaving 85% of income unspent that year. Across the 5 years on record, from April 2019 to April 2023, income fell from $112k to $88k (-21%), an average of -5.6% a year. The sharpest change came in the year to April 2022, when income dropped by 51%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, LB Homes Foundation Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 31st percentile within MN. Charities of a similar size with the same main cause include Erna Lindenfeld Hachnasos Kallah Fund of Queens Inc ($88k), Quickshot Benevolent Inc ($88k) and Wadsworth Fish Organization ($88k).

On its Form 990-EZ for the period ending April 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.