Lou-Von Family Foundation

Analysis

Lou-Von Family Foundation is a registered charity in United States, based in Sumter, SC. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, 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, Lou-Von Family Foundation reported income of $77k and spending of $121k, spending 156% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $52k to $77k (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 151%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lou-Von Family Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 36th percentile within SC. Charities of a similar size with the same main cause include Nlife Inc ($77k), Pennsylvania State Association of County Fairs ($77k) and Garage Script ($77k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 3.2% of the total. At year end it held assets of $495k against liabilities of $0, net assets of $495k.