Laymans Foundation Inc

Analysis

Laymans Foundation Inc is a registered charity in United States, based in Walnut, CA. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Laymans Foundation Inc reported income of $66k and spending of $236k, spending 357% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $202k to $66k (-67%), an average of -24% a year. The sharpest change came in the year to December 2021, when income rose by 77%. Over the whole period it spent 109% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Laymans Foundation Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within CA. Charities of a similar size with the same main cause include Church Catalyst ($66k), Tu Quang Buddhist Center ($66k) and Voice of Triumph ($66k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 320% of the total. Other salaries and wages came to $160k. At year end it held assets of $429k against liabilities of $0, net assets of $429k. It reported 4 employees.