Lasa Foundation Inc

Analysis

Lasa Foundation Inc is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lasa Foundation Inc reported income of $482k and spending of $181k, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $350k to $482k (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2021, when income rose by 241%. Over the whole period it spent 20% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lasa Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include Helping Hands of Middle & West Tennessee ($482k), Elevate50 Hendersonville ($482k) and Remake Talent ($482k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $2.3m against liabilities of $325k, net assets of $1.9m.