Lonon Foundation

Analysis

Lonon Foundation is a registered charity in United States, based in Mt Pleasant, SC. It received its IRS tax-exemption ruling in July 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, Lonon Foundation reported income of $86k and spending of $71k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $86k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lonon Foundation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 39th percentile within SC. Charities of a similar size with the same main cause include Society of St Vincent de Paul Our Lady Queen of Peace ($86k), Turning Point Missions Inc ($86k) and Jesus Followers Network Inc ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $68k against liabilities of $0, net assets of $68k.