LCS Support Corporation

Analysis

LCS Support Corporation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, LCS Support Corporation reported income of $740k and spending of $758k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $616k to $740k (+20%), an average of +4.7% a year. Over the whole period it spent 166% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, LCS Support Corporation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include New York City Bravest Scholarship Fund ($740k), Guild Giving Foundation ($740k) and Finally Home ($740k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 95% of the total. At year end it held assets of $8.9m against liabilities of $11.2m, net assets of -$2.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.