Lagrant Foundation

Analysis

Lagrant Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2024, Lagrant Foundation reported income of $2.1m and spending of $1.2m, leaving 43% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.0m to $2.1m (+103%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 49%. Over the whole period it spent 64% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lagrant 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 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Elizabeth Deblois Charitable Trust DTD 113068 ($2.1m), Pacific Education Institute ($2.1m) and United Way Blackhawk Region Inc ($2.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $125k (10% of expenses). Other salaries and wages came to $103k. At year end it held assets of $5.5m against liabilities of $200, net assets of $5.5m. It reported 4 employees.