Lsa Building Foundation

Analysis

Lsa Building Foundation is a registered charity in United States, based in Decatur, IL. It received its IRS tax-exemption ruling in December 1997, 29 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lsa Building Foundation reported income of $163k and spending of $270k, spending 166% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $153k to $163k (+6.4%), an average of +1.6% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 178% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lsa Building Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within IL. Charities of a similar size with the same main cause include Lifespire Foundation Inc ($163k), The Kindness Fund ($163k) and Lakeshore Support Organization ($163k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.8% and program service revenue 79% of the total. At year end it held assets of $4.4m against liabilities of $692k, net assets of $3.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.