Lourdes Foundation Inc

Analysis

Lourdes Foundation Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in March 1986, 40 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lourdes Foundation Inc reported income of $185k and spending of $600k, spending 324% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $300k to $185k (-38%), an average of -11% a year. The sharpest change came in the year to December 2023, when income rose by 174%. Over the whole period it spent 118% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lourdes Foundation Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include Webco Foundation ($185k), National Charity League of Glendale ($185k) and Elk Hill Farm Foundation ($185k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $535k against liabilities of $0, net assets of $535k.