First Ladys Charitable Foundation

Analysis

First Ladys Charitable Foundation is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in March 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 2023, First Ladys Charitable Foundation reported income of $694k and spending of $472k, leaving 32% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $190k to $694k (+265%), an average of +91% a year. The sharpest change came in the year to December 2022, when income rose by 213%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, First Ladys Charitable Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within OH. Charities of a similar size with the same main cause include Fremont-Rideout Foundation ($694k), Martha Hursh Yowell Charitable TR ($694k) and Ieladeinu Inc ($694k).

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 $241k against liabilities of $242, net assets of $241k.