The Lotos Foundation

Analysis

The Lotos Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2000, 26 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, The Lotos Foundation reported income of $203k and spending of $157k, leaving 22% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $500k to $203k (-59%), an average of -26% a year. The sharpest change came in the year to June 2021, when income dropped by 50%. Over the whole period it spent 144% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Lotos Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Northwest Danish Association ($203k), Michigan Science Teachers Association ($203k) and Story Theater Company ($203k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $867k against liabilities of $6,800, net assets of $860k.