Lebanese American Foundation Inc

Analysis

Lebanese American Foundation Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 2010, 16 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2022, Lebanese American Foundation Inc reported income of $490k and spending of $479k, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $391k to $490k (+25%), an average of +7.8% a year. The sharpest change came in the year to December 2022, when income rose by 115%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lebanese American Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Johnson High School Band Boosters ($490k), Southbound Food Festival ($490k) and International Arts Foundation ($490k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $57k. At year end it held assets of $4.7m against liabilities of $0, net assets of $4.7m. It reported 4 employees.