LBCF Properties Foundation

Analysis

LBCF Properties Foundation is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, LBCF Properties Foundation reported income of $89k and spending of $131k, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $85k to $89k (+5.6%), an average of +1.4% a year. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, LBCF Properties Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within CA. Charities of a similar size with the same main cause include Legacy of Honor ($89k), Take Flight Survivors Inc ($89k) and Michigan HR ($89k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 98% of the total. At year end it held assets of $610k against liabilities of $1,372, net assets of $608k.