Lesley Foundation

Analysis

Lesley Foundation is a registered charity in United States, based in Half Moon Bay, CA. It received its IRS tax-exemption ruling in June 1946, 80 years ago. 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, Lesley Foundation reported income of $22.6m and spending of $8.8m, leaving 61% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.2m to $22.6m (+175%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 132%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lesley Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Kindering Center ($22.6m), Mahube-Otwa Community Action Partnership Inc ($22.6m) and The Association of Illiana Christian High School of Indiana ($22.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $343k (3.9% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $83.2m against liabilities of $54.2m, net assets of $29.0m. It reported 55 employees.