Lowes Foundation

Analysis

Lowes Foundation is a registered charity in United States, based in Mooresville, NC. It received its IRS tax-exemption ruling in October 1959, 67 years ago. Its declared purposes cover education, which this site groups under education and training. 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 January 2023, Lowes Foundation reported income of $15.9m and spending of $2.5m, leaving 84% of income unspent that year. Across the 4 years on record, from January 2020 to January 2023, income grew from $4.9m to $15.9m (+226%), an average of +48% a year. The sharpest change came in the year to January 2023, when income rose by 637%. Over the whole period it spent 50% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lowes Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Downtown Doral Charter Upper School ($15.9m), Fort Worth Christian School Inc ($15.9m) and Antonia Pantoja Charter School an Aspira of Pennsylvania School ($15.9m).

On its Form 990 for the period ending January 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $18.8m against liabilities of $870k, net assets of $17.9m.