L&s Foundation

Analysis

L&s Foundation is a registered charity in United States, based in Vancouver, WA. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, L&s Foundation reported income of $77k and spending of $76k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $56k to $77k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, L&s Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 25th percentile within WA. Charities of a similar size with the same main cause include Honor Flight Northland Inc ($77k), Historical Association of South Jefferson ($77k) and Midtown Neighborhood Association ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. At year end it held assets of $16k against liabilities of $0, net assets of $16k.