Dr Lanse T Fox Memorial Organization

Analysis

Dr Lanse T Fox Memorial Organization is a registered charity in United States, based in Laredo, TX. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Dr Lanse T Fox Memorial Organization reported income of $254k and spending of $37k, leaving 85% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $156k to $254k (+63%), an average of +63% a year. The sharpest change came in the year to December 2023, when income rose by 63%. Over the whole period it spent 43% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Dr Lanse T Fox Memorial Organization sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Educational Bureau ($254k), Friends of the Topeka and Shawnee County Public Library Inc ($254k) and Heritage Instructional Services Inc ($254k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $278k against liabilities of $0, net assets of $278k.