The Lpga Foundation

Analysis

The Lpga Foundation is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in March 2023, 3 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 December 2023, The Lpga Foundation reported income of $11.6m and spending of $10.7m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.7m to $11.6m (+105%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 223%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Lpga Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Valence College Preparatory Charter School ($11.6m), Mathematics Civics and Sciences Education Center Inc ($11.6m) and Cafa Inc ($11.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 58% of the total. Other salaries and wages came to $785k. At year end it held assets of $10.1m against liabilities of $1.3m, net assets of $8.8m.