H U Lee Memorial Foundation

Analysis

H U Lee Memorial Foundation is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in July 2000, 26 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, H U Lee Memorial Foundation reported income of $96k and spending of $64k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $70k to $96k (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2023, when income rose by 556%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, H U Lee Memorial Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within AR. Charities of a similar size with the same main cause include Vitamin C International Consortium Institute Inc ($96k), Richland School District Two Foundation ($96k) and Visitors Studies Association Inc ($96k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $546k against liabilities of $102k, net assets of $444k.