Laxer Family Foundation Inc

Analysis

Laxer Family Foundation Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in August 2018, 8 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, Laxer Family Foundation Inc reported income of $932k and spending of $668k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $770k to $932k (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2021, when income rose by 224%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Laxer Family Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include The Lefevre Foundation ($931k), Arca Foundation ($933k) and Friends of Catholic Education Endowment Trust ($930k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. At year end it held assets of $513k against liabilities of $0, net assets of $513k.