Lhes Foundation

Analysis

Lhes Foundation is a registered charity in United States, based in Lanai City, HI. It received its IRS tax-exemption ruling in August 2012, 14 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, Lhes Foundation reported income of $195k and spending of $229k, spending 117% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $301k to $195k (-35%), an average of -14% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 109% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lhes Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within HI. Charities of a similar size with the same main cause include Gladys M Friant Trust Uw 04641-007 ($195k), Professional Firefighters Association of Midland Charitable ($195k) and Fans for the Cure ($195k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $20k (8.6% of expenses). Other salaries and wages came to $11k. At year end it held assets of $132k against liabilities of $2,566, net assets of $129k. It reported 2 employees.