Lane RMC Foundation

Analysis

Lane RMC Foundation is a registered charity in United States, based in Zachary, LA. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lane RMC Foundation reported income of $53k and spending of $111k, spending 211% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $56k to $53k (-5.8%), an average of -1.5% a year. The sharpest change came in the year to June 2023, when income rose by 58%. Over the whole period it spent 312% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lane RMC Foundation sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 21st percentile within LA. Charities of a similar size with the same main cause include Lawyers Against Drug Addiction Inc ($53k), Dyslipidemia Foundation Inc ($53k) and Rise Again the Sabrina Best Foundation Inc ($53k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% of the total. Compensation of current officers, directors and key employees was $71k (64% of expenses). At year end it held assets of $139k against liabilities of $474k, net assets of -$336k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.