Douglas and Frances Lanier Foundation Inc

Analysis

Douglas and Frances Lanier Foundation Inc is a registered charity in United States, based in Gulfport, MS. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Douglas and Frances Lanier Foundation Inc reported income of $355k and spending of $112k, leaving 68% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $324k to $355k (+9.4%), an average of +2.3% a year. The sharpest change came in the year to December 2020, when income rose by 270%. Over the whole period it spent 45% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Douglas and Frances Lanier Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within MS. Charities of a similar size with the same main cause include Cascia Parent and Faculty Association Inc ($355k), Oxford Educational Foundation ($355k) and Guadalupe Holding Company ($354k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $33k (29% of expenses). At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.