Latrobe Foundation Inc

Analysis

Latrobe Foundation Inc is a registered charity in United States, based in Latrobe, PA. It received its IRS tax-exemption ruling in August 1955, 71 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 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, Latrobe Foundation Inc reported income of $959k and spending of $1.0m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $538k to $959k (+78%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 188%. Over the whole period it spent 73% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Latrobe Foundation Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within PA. Charities of a similar size with the same main cause include United Way of Tulare County ($958k), Oconomowoc Area Foundation Inc ($960k) and United Way of East Tennessee Highlands ($958k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $3.5m against liabilities of $0, net assets of $3.5m.