Layman Foundation

Analysis

Layman Foundation is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in January 1927, 99 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, Layman Foundation reported income of $303k and spending of $374k, spending 123% of what it took in. The sharpest change came in the year to December 2021, when income rose by 297%. Over the whole period it spent 110% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Layman Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within TN. Charities of a similar size with the same main cause include Miss Tennessee Scholarship Competition Foundation Inc ($303k), Demco Foundation Inc ($304k) and Impact 100-Owensboro Inc ($303k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $2.4m against liabilities of $16k, net assets of $2.4m.