LGS Foundation

Analysis

LGS Foundation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, LGS Foundation reported income of $1.1m and spending of $1.3m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $774k to $1.1m (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2022, when income rose by 74%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, LGS Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Scotland Memorial Foundation Inc ($1.1m), New Jersey Center for Tourette Syndrome and Associated Disorders ($1.1m) and Storm Engine Company Ambulance Corps ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $133k (11% of expenses). Other salaries and wages came to $461k. At year end it held assets of $1.3m against liabilities of $244k, net assets of $1.0m. It reported 9 employees.