Lha Foundation

Analysis

Lha Foundation is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in February 1968, 58 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lha Foundation reported income of $2.1m and spending of $2.1m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.1m (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2021, when income rose by 96%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lha Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within LA. Charities of a similar size with the same main cause include Hatzalah Emergency Medical Services of the Jersey Shore Inc ($2.1m), Access Community Health Center ($2.1m) and Lost and Found Association ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $618k. At year end it held assets of $2.2m against liabilities of $720k, net assets of $1.5m. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.