Longreach Foundation Inc

Analysis

Longreach Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in August 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, Longreach Foundation Inc reported income of $86k and spending of $88k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $14k to $86k (+498%), an average of +498% a year. The sharpest change came in the year to December 2023, when income rose by 498%. Over the whole period it spent 130% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Longreach Foundation Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 36th percentile within FL. Charities of a similar size with the same main cause include Colon Cancer Research & Prevention Fund ($86k), Richland County Auxillary Fairhaven Cafeteria ($86k) and Laramie Community Foundation ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.