Lolc Endowment

Analysis

Lolc Endowment is a registered charity in United States, based in Clovis, CA. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Lolc Endowment reported income of $124k and spending of $38k, leaving 70% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $192k to $124k (-35%), an average of -10% a year. The sharpest change came in the year to December 2023, when income rose by 96%. Over the whole period it spent 52% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lolc Endowment sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 45th percentile within CA. Charities of a similar size with the same main cause include Swarthmore Town Center ($124k), Elm Grove Womans Club ($124k) and H Street Finance Corporation ($124k).

At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.