Lingzi Foundation

Analysis

Lingzi Foundation is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in March 2014, 12 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, Lingzi Foundation reported income of $150k and spending of $95k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $66k to $150k (+127%), an average of +127% a year. The sharpest change came in the year to December 2023, when income rose by 127%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lingzi Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 52nd percentile within MA. Charities of a similar size with the same main cause include Monterey Peninsula Volunteer Serv Inc ($150k), Sikhi Alpha Foundation ($150k) and Easter for Eli Inc ($150k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $355k against liabilities of $0, net assets of $355k.