Lordship Foundation Inc

Analysis

Lordship Foundation Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in January 2002, 24 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, Lordship Foundation Inc reported income of $3.2m and spending of $1.4m, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $978k to $3.2m (+230%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 226%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lordship Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include San Francisco First Tee ($3.2m), Glades Academy Inc ($3.2m) and Community Foundation San Luis Obispo County ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $7,137 (0.5% of expenses). At year end it held assets of $3.3m against liabilities of $0, net assets of $3.3m.