Leaf - the Lowy Endowment & Annuity Foundation - Inc

Analysis

Leaf - the Lowy Endowment & Annuity Foundation - Inc is a registered charity in United States, based in Grandville, MI. It received its IRS tax-exemption ruling in January 2010, 16 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 December 2022, Leaf - the Lowy Endowment & Annuity Foundation - Inc reported income of $50k and spending of $166k, spending 332% of what it took in. Across the 2 years on record, from December 2019 to December 2022, income fell from $365k to $50k (-86%), an average of -86% a year. The sharpest change came in the year to December 2022, when income dropped by 86%. Over the whole period it spent 80% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Leaf - the Lowy Endowment & Annuity Foundation - Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 19th percentile, and in the 18th percentile within MI. Charities of a similar size with the same main cause include Glendale Family Foundation ($50k), Events for Change Inc ($50k) and Connor William Olson Leadership Fund Inc ($50k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $296k against liabilities of $31k, net assets of $265k.