LPS Charitable Foundation Inc

Analysis

LPS Charitable Foundation Inc is a registered charity in United States, based in Pinecrest, FL. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, LPS Charitable Foundation Inc reported income of $1.6m and spending of $177k, leaving 89% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $310k to $1.6m (+409%), an average of +38% a year. The sharpest change came in the year to June 2022, when income rose by 365%. Over the whole period it spent 25% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, LPS Charitable Foundation 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 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Greater New Hope Baptist Church Towers Inc ($1.6m), Minnesota Masonic Home Cluster Homes ($1.6m) and Riese-Saint Marys Corporation ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% of the total. At year end it held assets of $4.6m against liabilities of $3,520, net assets of $4.6m.