Lenbrook Square Foundation Inc

Analysis

Lenbrook Square Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in March 1981, 45 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lenbrook Square Foundation Inc reported income of $49.9m and spending of $52.1m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $34.8m to $49.9m (+43%), an average of +9.4% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lenbrook Square Foundation 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 99th percentile, and in the 99th percentile within GA. Charities of a similar size with the same main cause include Food Bank of Central New York ($49.7m), Denver Rescue Mission ($50.0m) and Trustbridge Inc ($49.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $2.1m (4.0% of expenses). Other salaries and wages came to $18.5m. At year end it held assets of $288.8m against liabilities of $379.5m, net assets of -$90.7m. It reported 501 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.