Lacna Foundation

Analysis

Lacna Foundation is a registered charity in United States, based in Sewickley, PA. It received its IRS tax-exemption ruling in February 2023, 3 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Lacna Foundation reported income of $357k and spending of $263k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $176k to $357k (+103%), an average of +103% a year. The sharpest change came in the year to December 2023, when income rose by 103%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lacna Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within PA. Charities of a similar size with the same main cause include Museum of Public Relations ($357k), Little Theatre of Conroe Inc ($357k) and Boise Community Radio Project ($357k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. At year end it held assets of $225k against liabilities of $125k, net assets of $100k.