Lionheart Charities Inc

Analysis

Lionheart Charities Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2022, Lionheart Charities Inc reported income of $123k and spending of $113k, spending 92% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $53k to $123k (+132%), an average of +132% a year. The sharpest change came in the year to December 2022, when income rose by 132%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lionheart Charities Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NC. Charities of a similar size with the same main cause include Sail Beyond Cancer VT Inc ($123k), River Cats Foundation ($123k) and Salinas Rotary Club Charitable Fund ($123k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.