US LBM Foundation

Analysis

US LBM Foundation is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in April 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, US LBM Foundation reported income of $2.6m and spending of $2.5m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $749k to $2.6m (+252%), an average of +37% a year. The sharpest change came in the year to December 2021, when income rose by 465%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, US LBM Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within GA. Charities of a similar size with the same main cause include St Lukes Cornwall Health System Foundation Inc ($2.6m), Bobby Benson Center ($2.6m) and Community Foundation of the Northern Alleghenies ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. At year end it held assets of $2.4m against liabilities of $1.1m, net assets of $1.4m.