Lori Fund Inc

Analysis

Lori Fund Inc is a registered charity in United States, based in Palm Coast, FL. It received its IRS tax-exemption ruling in December 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, Lori Fund Inc reported income of $298k and spending of $400k, spending 134% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $238k to $298k (+25%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lori Fund Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include Riverview Community Action Corp ($298k), Taking Back Our Lives ($299k) and Goshen Interfaith Hospitality Network Inc ($298k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.6% of the total. At year end it held assets of $71k against liabilities of $0, net assets of $71k.