Lebawi Foundation Inc

Analysis

Lebawi Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 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 (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, Lebawi Foundation Inc reported income of $52k and spending of $206k, spending 393% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $2.4m to $52k (-98%), an average of -72% a year. The sharpest change came in the year to December 2022, when income dropped by 100%. Over the whole period it spent 26% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lebawi Foundation Inc 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 20th percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include Hepburn Bootstrap Foundation Inc ($52k), Cocoa Beach Founders Club Inc ($52k) and Northwestern Athletic Boosters Association Inc ($52k).

At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.