Lena Foundation

Analysis

Lena Foundation is a registered charity in United States, based in Louisville, CO. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lena Foundation reported income of $13.1m and spending of $9.5m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.5m to $13.1m (+191%), an average of +31% a year. The sharpest change came in the year to December 2021, when income rose by 97%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lena Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CO. Charities of a similar size with the same main cause include Corporation of St Timothys School ($13.1m), Success School ($13.1m) and Vista Foundation ($13.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% of the total. Compensation of current officers, directors and key employees was $446k (4.7% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $11.8m against liabilities of $3.4m, net assets of $8.4m. It reported 61 employees.