Lotus Endowment Fund Inc

Analysis

Lotus Endowment Fund Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lotus Endowment Fund Inc reported income of $13.2m and spending of $2.1m, leaving 84% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $13.2m (+1121%), an average of +87% a year. The sharpest change came in the year to December 2022, when income rose by 533%. Over the whole period it spent 35% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lotus Endowment Fund Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Air Force Villages Inc ($13.2m), Alma Via of San Francisco ($13.2m) and Buckeye Community Hope Foundation ($13.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% of the total. Other salaries and wages came to $115k. At year end it held assets of $101.7m against liabilities of $66.5m, net assets of $35.2m. It reported 1 employees.