LF Charities Inc

Analysis

LF Charities Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in August 2020, 6 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 December 2023, LF Charities Inc reported income of $4.7m and spending of $601k, leaving 87% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $500k to $4.7m (+840%), an average of +840% a year. The sharpest change came in the year to December 2023, when income rose by 840%. Over the whole period it spent 21% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, LF Charities Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within DE. Charities of a similar size with the same main cause include Greater Miami Opera Inc ($4.7m), Build Change ($4.7m) and Centrum Foundation ($4.7m).

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 $4.1m against liabilities of $0, net assets of $4.1m.