Lorelton Foundation

Analysis

Lorelton Foundation is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in October 1986, 40 years ago. 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, Lorelton Foundation reported income of $5.7m and spending of $4.9m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.9m to $5.7m (+17%), an average of +3.9% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lorelton Foundation sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within DE. Charities of a similar size with the same main cause include Community & Family Service Agency ($5.7m), Onward Neighborhood House ($5.7m) and South Central Emergency Medical Services Inc ($5.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $181k (3.7% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $8.6m against liabilities of $8.9m, net assets of -$313k. It reported 147 employees.