Lotus Foundation

Analysis

Lotus Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in April 1994, 32 years ago. 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, Lotus Foundation reported income of $383k and spending of $76k, leaving 80% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $402k to $383k (-4.6%), an average of -1.2% a year. Over the whole period it spent 28% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lotus Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Brighton Fire Department Inc ($383k), Rockford Hockey Club Inc ($383k) and Keystone Central Foundation ($383k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.0% of the total. At year end it held assets of $2.7m against liabilities of $1,050, net assets of $2.7m.