Mario Lemieux Foundation

Analysis

Mario Lemieux Foundation is a registered charity in United States, based in Sewickley, PA. It received its IRS tax-exemption ruling in September 1993, 33 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 September 2023, Mario Lemieux Foundation reported income of $3.7m and spending of $1.7m, leaving 53% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $4.1m to $3.7m (-10%), an average of -2.6% a year. The sharpest change came in the year to September 2021, when income rose by 39%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mario Lemieux Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include One World Childrens Fund ($3.6m), Supreme Council Benevolent Foundation ($3.7m) and Open Door Foundation Inc ($3.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $154k (9.0% of expenses). Other salaries and wages came to $227k. At year end it held assets of $14.4m against liabilities of $6.5m, net assets of $7.8m. It reported 5 employees.