Lica Educational Foundation for Veterans

Analysis

Lica Educational Foundation for Veterans is a registered charity in United States, based in Lisle, IL. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Lica Educational Foundation for Veterans reported income of $82k and spending of $117k, spending 142% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $21k to $82k (+294%), an average of +99% a year. The sharpest change came in the year to December 2022, when income rose by 290%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lica Educational Foundation for Veterans sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 33rd percentile within IL. Charities of a similar size with the same main cause include Orinda Community Foundation Inc ($82k), Society for Maintenance and Reliability Professionals Foundati ($82k) and West Vigo Community Corp ($82k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $66k (57% of expenses). At year end it held assets of $3,104 against liabilities of $8,809, net assets of -$5,705. It reported 1 employees.