Lowenstine Fund Corporation

Analysis

Lowenstine Fund Corporation is a registered charity in United States, based in Culver, IN. 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lowenstine Fund Corporation reported income of $1.6m and spending of $1.9m, spending 113% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $22.0m to $1.6m (-92%), an average of -73% a year. The sharpest change came in the year to June 2022, when income dropped by 93%. Over the whole period it spent 22% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lowenstine Fund Corporation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within IN. Charities of a similar size with the same main cause include Laborers Local 1298 Joint Apprenticeship & Training TR Fund ($1.6m), Paris Street Community Council Inc ($1.6m) and Mamaroneck Community Nursery School ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $19.7m against liabilities of $158k, net assets of $19.5m.