LCS Foundation

Analysis

LCS Foundation is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in April 2017, 9 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, LCS Foundation reported income of $340k and spending of $351k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $617k to $340k (-45%), an average of -14% a year. The sharpest change came in the year to December 2023, when income dropped by 67%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, LCS Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within IA. Charities of a similar size with the same main cause include Forward Foundation Va ($340k), Hope House I Inc ($340k) and Rescu Foundation Inc ($340k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $103k against liabilities of $2,031, net assets of $101k.