L B Lane Family Foundation Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
L B Lane Family Foundation Inc is a 501(c)(3) organization based in Hickory, North Carolina, registered in 1989, with $216,307 in FY2024 revenue. CharityIndex grades it C+.
1006 4th Avenue Dr Nw, Hickory, NC, 28601 EIN 56-1622837 Since 1989
Revenue (FY2024)
$216K
▲ 89.3% vs prior year
Expenses (FY2024)
$154K
Net assets
$785K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for L B Lane Family Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating61 mo reserves · +29% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For L B Lane Family Foundation Inc: 61 mo reserves · +29% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for L B Lane Family Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For L B Lane Family Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1006 4th Avenue Dr Nw, Hickory, NC, 28601
- City
- Hickory
- State
- North Carolina
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $126K (FY2020) to $216K (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $785K
Operating margin
28.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$785K
Total liabilities
$0
Net assets
$785K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $216,307▲89.3% | $154,414▲18.9% | $784,993▲8.6% | $784,993▲8.6% | 990PF |
| 2023 | $114,280▲144% | $129,830▼11.6% | $723,100▼2.1% | $723,100▼2.1% | 990PF |
| 2022 | $46,852▼39.3% | $146,889▲43.6% | $738,650▼11.9% | $738,650▼12.0% | 990PF |
| 2021 | $77,242▼38.6% | $102,258▲4.3% | $838,687▼2.9% | $839,626▼2.8% | 990PF |
| 2020 | $125,867 | $98,078 | $863,703 | $863,703 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is L B Lane Family Foundation Inc a legitimate nonprofit?
- Yes. L B Lane Family Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-1622837, based in Hickory, North Carolina. Donations are tax-deductible.
- What is L B Lane Family Foundation Inc's EIN?
- L B Lane Family Foundation Inc's Employer Identification Number (EIN) is 56-1622837.
- How much revenue does L B Lane Family Foundation Inc report?
- L B Lane Family Foundation Inc reported $216,307 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does L B Lane Family Foundation Inc have?
- CharityIndex grades L B Lane Family Foundation Inc C+, based on financial health (reserves and operating margin).
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Data for L B Lane Family Foundation Inc (EIN 56-1622837) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.