Thomas G Labrecque Foundation

Analysis

Thomas G Labrecque Foundation is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Thomas G Labrecque Foundation reported income of $1.7m and spending of $313k, leaving 82% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $339k to $1.7m (+410%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 934%. Over the whole period it spent 46% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Thomas G Labrecque Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within VA. Charities of a similar size with the same main cause include Needymeds Inc ($1.7m), Mexico Medical Missions ($1.7m) and Community Hospital Health Foundation ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.5m against liabilities of $17k, net assets of $1.5m.