LQ Foundation

Analysis

LQ Foundation is a registered charity in United States, based in Bayside, NY. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, LQ Foundation reported income of $845k and spending of $797k, spending 94% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $9,157 to $845k (+9123%), an average of +352% a year. The sharpest change came in the year to December 2021, when income rose by 19259%. Over the whole period it spent 97% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, LQ Foundation sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Invisible Girl Project ($844k), Global Lutheran Outreach Inc ($846k) and Hand in Hand ($842k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. At year end it held assets of $190k against liabilities of $38k, net assets of $152k.