L C Industries Foundation

Analysis

L C Industries Foundation is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in May 2013, 13 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 June 2023, L C Industries Foundation reported income of $3.0m and spending of $2.3m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.2m to $3.0m (-27%), an average of -7.7% a year. The sharpest change came in the year to June 2023, when income rose by 256%. Over the whole period it spent 48% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, L C Industries Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Heartland Senior Services ($3.0m), Senior Resources of Guilford ($3.0m) and Evergreen Service Providers for Persons with Developmental Disabil ($3.0m).

At year end it held assets of $68.3m against liabilities of $0, net assets of $68.3m.