LGH Charitable Trust Inc

Analysis

LGH Charitable Trust Inc is a registered charity in United States, based in Lawrence, MA. It received its IRS tax-exemption ruling in May 1985, 41 years ago. 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 September 2023, LGH Charitable Trust Inc reported income of $3.5m and spending of $2.1m, leaving 40% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.3m to $3.5m (+177%), an average of +29% a year. The sharpest change came in the year to September 2020, when income rose by 192%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, LGH Charitable Trust Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Boy Scouts of America ($3.5m), Malone Community Center ($3.5m) and Fifth Avenue Counseling Center Inc ($3.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 53% of the total. At year end it held assets of $64.2m against liabilities of $34.8m, net assets of $29.4m.