Louma G Private Foundation

Analysis

Louma G Private Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Louma G Private Foundation reported income of $900k and spending of $380k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $121 to $900k (+743907%), an average of +829% a year. The sharpest change came in the year to December 2021, when income rose by 193698%. Over the whole period it spent 56% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Louma G Private Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Association of Black Psychologists ($900k), Valley Health Alliance Inc ($901k) and Center for Psychotherapy ($900k).

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 $4.4m against liabilities of $1.1m, net assets of $3.3m.