Lc5 Foundation

Analysis

Lc5 Foundation is a registered charity in United States, based in Avon Park, FL. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Lc5 Foundation reported income of $53k and spending of $49k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $59k to $53k (-11%), an average of -11% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lc5 Foundation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 24th percentile within FL. Charities of a similar size with the same main cause include Air Force Sergeants Association Scholarship Fund ($53k), Beresford Athletic Booster Club Inc ($53k) and Sidekick Education Inc ($53k).

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 $35k against liabilities of $0, net assets of $35k.