Louis Segreto 26 Foundation

Analysis

Louis Segreto 26 Foundation is a registered charity in United States, based in Miller Place, NY. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Louis Segreto 26 Foundation reported income of $101k and spending of $112k, spending 111% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $78k to $101k (+29%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Louis Segreto 26 Foundation sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include Life Matters Outreach Inc ($101k), Radiant Promises Inc ($101k) and Parenting Resource Center of East Texas Inc ($101k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $36k against liabilities of $0, net assets of $36k.