LHS Foundation

Analysis

LHS Foundation is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in September 1991, 35 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 2023, LHS Foundation reported income of $1.2m and spending of $914k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.2m (+7.5%), an average of +1.8% a year. The sharpest change came in the year to December 2023, when income rose by 111%. Over the whole period it spent 200% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, LHS Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within OH. Charities of a similar size with the same main cause include Union County Foundation Inc ($1.2m), Arrowhead United Way ($1.2m) and Park Avenue Charitable Fund ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% of the total. At year end it held assets of $19.4m against liabilities of $1.4m, net assets of $18.0m.