Lions Charity Foundation of Southeastern Virginia Inc

Analysis

Lions Charity Foundation of Southeastern Virginia Inc is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in July 2017, 9 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 June 2023, Lions Charity Foundation of Southeastern Virginia Inc reported income of $156k and spending of $193k, spending 123% of what it took in. Across the 4 years on record, from June 2018 to June 2023, income fell from $280k to $156k (-44%), an average of -18% a year. The sharpest change came in the year to June 2023, when income dropped by 38%. Over the whole period it spent 73% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lions Charity Foundation of Southeastern Virginia Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within VA. Charities of a similar size with the same main cause include Adams County Rural & Industrial Development Commission ($156k), Startup Vegas ($157k) and Greater Meredith Program Inc ($156k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 4.6% of the total. At year end it held assets of $2.8m against liabilities of $22k, net assets of $2.8m.