Lradac Foundation

Analysis

Lradac Foundation is a registered charity in United States, based in Columbia, SC. 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 June 2023, Lradac Foundation reported income of $114k and spending of $97k, spending 85% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $100k to $114k (+15%), an average of +4.7% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lradac Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 46th percentile within SC. Charities of a similar size with the same main cause include Project Noelle ($114k), Youngstown Bluecoats Org ($114k) and Parenting for Non Violence ($114k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 113% of the total. At year end it held assets of $221k against liabilities of $70k, net assets of $151k.