Lids Foundation

Analysis

Lids Foundation is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in August 2012, 14 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, Lids Foundation reported income of $1.1m and spending of $1.0m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $463k to $1.1m (+139%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 208%. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lids Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within IN. Charities of a similar size with the same main cause include Ex-Muslims of North America ($1.1m), Dads Divine Alternatives for Dads Services ($1.1m) and Food Literacy Project at Oxmoorfarm Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.8m against liabilities of $101k, net assets of $1.7m.