Lange Foundation

Analysis

Lange Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lange Foundation reported income of $3.0m and spending of $2.9m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.7m to $3.0m (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2021, when income dropped by 50%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lange Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Menno Olivet Care Center Inc ($3.0m), Sacred Selections ($3.0m) and Chugiak Senior Citizens Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 1.7% of the total. Other salaries and wages came to $615k. At year end it held assets of $10.3m against liabilities of $77k, net assets of $10.2m. It reported 30 employees.