Lang Cares Foundation

Analysis

Lang Cares Foundation is a registered charity in United States, based in Newark, DE. It received its IRS tax-exemption ruling in November 2021, 5 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 2023, Lang Cares Foundation reported income of $52k and spending of $38k, leaving 26% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $241k to $52k (-79%), an average of -54% a year. The sharpest change came in the year to December 2023, when income dropped by 55%. Over the whole period it spent 18% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lang Cares Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within DE. Charities of a similar size with the same main cause include Child Crisis Center of El Paso Foundation ($52k), Federation Support Foundation 35 ($52k) and Adesuwa-Uadiale Foundation Inc ($52k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $333k against liabilities of $0, net assets of $333k.