Lsma Foundation Inc

Analysis

Lsma Foundation Inc is a registered charity in United States, based in Oceanside, NY. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Lsma Foundation Inc reported income of $86k and spending of $85k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $101k to $86k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 104% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Lsma Foundation Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within NY. Charities of a similar size with the same main cause include Bedford Pound Ridge Baseball ($85k), Salem NH Softball ($86k) and Hanson Boys Baseball League Inc ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $22k against liabilities of $0, net assets of $22k.