Lindy Loo Foundation Ltd

Analysis

Lindy Loo Foundation Ltd is a registered charity in United States, based in Atlantic BCH, NY. It received its IRS tax-exemption ruling in February 2017, 9 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, Lindy Loo Foundation Ltd reported income of $66k and spending of $62k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $876 to $66k (+7385%), an average of +7385% a year. The sharpest change came in the year to December 2023, when income rose by 7385%. Over the whole period it spent 163% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lindy Loo Foundation Ltd sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within NY. Charities of a similar size with the same main cause include Wood River Foundation Inc ($66k), West Sacramento Foundation ($66k) and Macoupin County Agriculture Education Foundation ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 14% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.