Friends of Lesotho Inc

Analysis

Friends of Lesotho Inc is a registered charity in United States, based in Oakwood, OH. It received its IRS tax-exemption ruling in May 1990, 36 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, Friends of Lesotho Inc reported income of $82k and spending of $34k, leaving 59% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $49k to $82k (+68%), an average of +68% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Lesotho Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within OH. Charities of a similar size with the same main cause include Minden Schools Foundation ($82k), Junior Auxiliary of McComb Mississippi ($82k) and Friends of the Columbia County Traveling Library Inc ($82k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $94k against liabilities of $0, net assets of $94k.