Save the Lorraine Foundation

Analysis

Save the Lorraine Foundation is a registered charity in United States, based in Hoopeston, IL. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Save the Lorraine Foundation reported income of $211k and spending of $153k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $197k to $211k (+7.4%), an average of +7.4% a year. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Save the Lorraine Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within IL. Charities of a similar size with the same main cause include Heather Wayne Dance Company Inc ($211k), Alliance for American Quilts Inc ($211k) and Harvestworks Inc ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 4.8% of the total. At year end it held assets of $537k against liabilities of $17k, net assets of $519k.