Landfall Foundation Inc

Analysis

Landfall Foundation Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Landfall Foundation Inc reported income of $727k and spending of $664k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $519k to $727k (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2020, when income rose by 25%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Landfall Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Wentworth Military Academy Museum Endowment ($726k), Quality of Life Foundation for Metropolitan Dallas ($729k) and Max S Baucus Institute ($726k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $901k against liabilities of $8,441, net assets of $893k.