Livermore Lab Foundation

Analysis

Livermore Lab Foundation is a registered charity in United States, based in Livermore, CA. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Livermore Lab Foundation reported income of $3.1m and spending of $2.0m, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $889k to $3.1m (+248%), an average of +37% a year. The sharpest change came in the year to December 2022, when income rose by 200%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Livermore Lab Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Louisiana Chamber of Commerce Foundation Inc ($3.1m), 131 Steuart Street Foundation ($3.1m) and Brookings Area United Way ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $154k (7.7% of expenses). Other salaries and wages came to $22k. At year end it held assets of $2.6m against liabilities of $38k, net assets of $2.6m. It reported 3 employees.