Lapsi Foundation Inc

Analysis

Lapsi Foundation Inc is a registered charity in United States, based in Covina, CA. It received its IRS tax-exemption ruling in June 2017, 9 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, Lapsi Foundation Inc reported income of $165k and spending of $41k, leaving 75% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $168k to $165k (-1.8%), an average of -1.8% a year. Over the whole period it spent 23% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lapsi Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Rememberavet Net ($165k), Blackhawk Chours ($165k) and Saint Laurence Foundation Inc ($165k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $745k against liabilities of $0, net assets of $745k.