Labi Foundation

Analysis

Labi Foundation is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Labi Foundation reported income of $475k and spending of $505k, spending 106% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $693k to $475k (-31%), an average of -12% a year. The sharpest change came in the year to December 2022, when income rose by 73%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Labi Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within LA. Charities of a similar size with the same main cause include Mudgirls Studios ($475k), Tampa Bay Academy of Hope Inc ($475k) and Voz Workers Rights Education Project ($475k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.