N-Lorem Foundation

Analysis

N-Lorem Foundation is a registered charity in United States, based in Carlsbad, CA. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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, N-Lorem Foundation reported income of $6.9m and spending of $14.2m, spending 207% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.1m to $6.9m (+66%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 489%. Over the whole period it spent 68% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, N-Lorem Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Ohio Eastern Star Home ($6.9m), Mary Bird Perkins Cancer Foundation ($6.9m) and Saint Elizabeth at Home Corp ($6.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $2.6m (18% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $13.3m against liabilities of $1.9m, net assets of $11.4m. It reported 31 employees.