Laniado Development Fund Inc

Analysis

Laniado Development Fund Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Laniado Development Fund Inc reported income of $4.7m and spending of $1.9m, leaving 60% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $671k to $4.7m (+602%), an average of +92% a year. The sharpest change came in the year to December 2023, when income rose by 190%. Over the whole period it spent 66% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Laniado Development Fund Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Cindy Haber Center Inc ($4.7m), Bakersfield Recovery Services Inc ($4.7m) and Bluefield Rescue Squad Inc ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $300k. At year end it held assets of $3.0m against liabilities of $0, net assets of $3.0m.