Lowes Employee Relief Fund Inc

Analysis

Lowes Employee Relief Fund Inc is a registered charity in United States, based in Mooresville, NC. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 September 2023, Lowes Employee Relief Fund Inc reported income of $5.8m and spending of $6.0m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.5m to $5.8m (+30%), an average of +6.8% a year. The sharpest change came in the year to September 2021, when income rose by 30%. Over the whole period it spent 74% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Lowes Employee Relief Fund Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Palms for Life Fund Inc ($5.8m), Chesapeake Region Safety Council Inc ($5.9m) and Middle Atlantic-Great Lakes Organized Crime Law Enforcement Ne ($5.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $10.9m against liabilities of $15k, net assets of $10.9m.