The Laz Charitable Foundation

Analysis

The Laz Charitable Foundation is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Laz Charitable Foundation reported income of $432k and spending of $394k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $276k to $432k (+57%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 290%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Laz Charitable Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 65th percentile within CT. Charities of a similar size with the same main cause include Exposure Skate ($432k), Kids on the Go ($432k) and Monarchcare Inc ($432k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% of the total. At year end it held assets of $309k against liabilities of $5,330, net assets of $303k.