Lokenath Foundation Inc

Analysis

Lokenath Foundation Inc is a registered charity in United States, based in Rosenberg, TX. It received its IRS tax-exemption ruling in March 2019, 7 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, Lokenath Foundation Inc reported income of $60k and spending of $48k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $60k (+1.8%), an average of +1.8% a year. 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, Lokenath Foundation Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 24th percentile within TX. Charities of a similar size with the same main cause include Blue Skyes Over Autism ($60k), The James Brown Family Foundation Inc ($60k) and Reach-A-Child Inc ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 27% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.