Lotus Supporting Foundation Inc

Analysis

Lotus Supporting Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lotus Supporting Foundation Inc reported income of $178k and spending of $1.3m, spending 734% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $182k to $178k (-2.0%), an average of -0.5% a year. Over the whole period it spent 382% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lotus Supporting Foundation Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within FL. Charities of a similar size with the same main cause include Spruce Street Golden Manor Inc ($178k), St Francis Shelter ($178k) and Atlanta Mission Support Corporation ($178k).

At year end it held assets of $18.5m against liabilities of $21.1m, net assets of -$2.7m.

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.