Langley for Families - the Foundation of Lfcu

Analysis

Langley for Families - the Foundation of Lfcu is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in August 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, Langley for Families - the Foundation of Lfcu reported income of $1.2m and spending of $1.2m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $743k to $1.2m (+59%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Langley for Families - the Foundation of Lfcu sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within VA. Charities of a similar size with the same main cause include Hebrew Free Loan Association ($1.2m), Aes Restaurant Foundation Inc ($1.2m) and North Texas Family Health Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% of the total. At year end it held assets of $115k against liabilities of $0, net assets of $115k.