Louis & Scholar Nwoke Foundation Inc

Analysis

Louis & Scholar Nwoke Foundation Inc is a registered charity in United States, based in Lawndale, CA. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Louis & Scholar Nwoke Foundation Inc reported income of $850k and spending of $905k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $507k to $850k (+68%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 50% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Louis & Scholar Nwoke Foundation Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Volunteers of America Inc ($850k), Housing Management Services Inc ($851k) and Gha Community Development Corporation ($850k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.3m against liabilities of $0, net assets of $2.3m.