LC Strong Foundation Inc

Analysis

LC Strong Foundation Inc is a registered charity in United States, based in Lebanon, PA. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, LC Strong Foundation Inc reported income of $1.0m and spending of $763k, leaving 25% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income fell from $1.3m to $1.0m (-23%), an average of -12% a year. The sharpest change came in the year to June 2024, when income rose by 49%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, LC Strong Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within PA. Charities of a similar size with the same main cause include Fort Worth Pipe Trades Training Center TR ($1.0m), Arizona Center for Afterschool Excellence ($1.0m) and Northern Virgina Waldorf School Dba Potomac Crescent Waldorf SCH ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 39% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $87k (11% of expenses). Other salaries and wages came to $235k. At year end it held assets of $1.9m against liabilities of $692k, net assets of $1.2m. It reported 14 employees.