The L-Fund

Analysis

The L-Fund is a registered charity in United States, based in Palm Springs, CA. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The L-Fund reported income of $178k and spending of $151k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $283k to $178k (-37%), an average of -11% a year. The sharpest change came in the year to December 2023, when income rose by 141%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The L-Fund sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Kontagious ($178k), Ken Lachance Fund Inc ($178k) and Kindred Box Inc ($178k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $389k against liabilities of $0, net assets of $389k.