Lotus School Foundation Inc

Analysis

Lotus School Foundation Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in December 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, Lotus School Foundation Inc reported income of $143k and spending of $165k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $132k to $143k (+8.2%), an average of +2.0% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lotus School Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within TX. Charities of a similar size with the same main cause include Rockford Symphony Orchestra Foundation ($143k), Medomak Valley All Sports Boosters ($143k) and American Friends of Naclas Zvi ($143k).

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 $13k against liabilities of $0, net assets of $13k.