L3 Foundation

Analysis

L3 Foundation is a registered charity in United States, based in Kingwood, TX. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, L3 Foundation reported income of $104k and spending of $27k, leaving 74% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $215k to $104k (-52%), an average of -17% a year. The sharpest change came in the year to December 2021, when income dropped by 50%. Over the whole period it spent 74% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, L3 Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within TX. Charities of a similar size with the same main cause include Stellas Wish Foundation ($104k), Spinal Muscular Atrophy Research Team ($104k) and Crush ALS Inc ($104k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $425k against liabilities of $0, net assets of $425k.