Lotus Petal USA

Analysis

Lotus Petal USA is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lotus Petal USA reported income of $462k and spending of $459k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $231k to $462k (+100%), an average of +100% a year. The sharpest change came in the year to December 2023, when income rose by 100%. Over the whole period it spent 120% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lotus Petal USA sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Wooden Fish Parents First ($462k), Prew Academy of Sarasota Inc ($462k) and Chess and Strategy Game Association ($462k).

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 $48k against liabilities of $1,000, net assets of $47k.