L C Industries Foundation
Only null% goes to programs Strong reserves Growing revenue
L C Industries Foundation is a 501(c)(3) organization based in Durham, North Carolina, registered in 2013, with $10,841,089 in FY2024 revenue. CharityIndex grades it C+.
4500 Emperor Blvd, Durham, NC, 27703 EIN 45-5200306 Since 2013
Revenue (FY2024)
$10.8M
▲ 463.1% vs prior year
Human Services median: $293K
Expenses (FY2024)
$1.7M
Net assets
$81.4M
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 C Industries Foundation— 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 rating581 mo reserves · +84% 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 C Industries Foundation: 581 mo reserves · +84% 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 C Industries Foundation— 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 C Industries Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 4500 Emperor Blvd, Durham, NC, 27703
- City
- Durham
- State
- North Carolina
- Category
- Human Services
- Subcategory
- Services for Specific Populations
Financial trends
Revenue declined from $12.6M (FY2013) to $10.8M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $81.4M
Operating margin
84.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$81.4M
Total liabilities
$0
Net assets
$81.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $10,841,089▲463% | $1,681,371▲5.0% | $81,357,889▲11.2% | $81,357,889▲11.2% | 990 |
| 2023 | $1,925,410▼36.5% | $1,601,907▼30.6% | $73,147,325▲7.1% | $73,147,325▲7.1% | 990 |
| 2022 | $3,029,940▲256% | $2,307,535▲70.1% | $68,313,434▲5.8% | $68,313,434▲5.8% | 990 |
| 2021 | $851,710▼88.6% | $1,356,449▼39.8% | $64,591,160▼8.0% | $64,591,160▼8.0% | 990 |
| 2020 | $7,494,768▲10.9% | $2,253,302▼8.6% | $70,225,807▲11.2% | $70,225,807▲11.2% | 990 |
| 2019 | $6,759,120▲62.2% | $2,466,217▲7.4% | $63,133,395▲11.6% | $63,133,395▲11.6% | 990 |
| 2018 | $4,167,814▼12.1% | $2,296,745▼50.4% | $56,582,480▲3.4% | $56,582,480▲3.4% | 990 |
| 2017 | $4,740,004▼20.2% | $4,633,389▲24.7% | $54,705,907▲3.5% | $54,705,907▲3.5% | 990 |
| 2016 | $5,936,402▲49.8% | $3,715,007▲462% | $52,860,379▲14.2% | $52,860,379▲14.2% | 990 |
| 2015 | $3,964,064▼73.1% | $661,561▼67.4% | $46,295,580▲4.7% | $46,295,580▲4.7% | 990 |
| 2014 | $14,729,859▲17.0% | $2,030,458▲160% | $44,233,007▲48.3% | $44,233,007▲48.3% | 990 |
| 2013 | $12,584,765 | $781,648▲2944% | $29,822,773▲65.5% | $29,822,773▲65.5% | 990 |
| 2012 | — | $25,682 | $18,014,851 | $18,014,851 | 990 |
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.
Grants received · $44.9M total
10 grants to L C Industries Foundation totaling $44.9M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| L C Ind Inc | Program support | 2024 | $2,750,000 |
| L C Ind Inc | Program support | 2023 | $1,750,000 |
| L C Ind Inc | Operational support | 2020 | $1,750,000 |
| L C Ind Inc | Operational support | 2019 | $2,200,000 |
| L C Ind Inc | Operational support | 2018 | $6,000,000 |
| L C Ind Inc | Operational support | 2017 | $3,000,000 |
| L C Ind Inc | Operational support | 2016 | $5,000,000 |
| L C Ind Inc | Operational support | 2015 | $4,200,000 |
| L C Ind Inc | Operational support | 2015 | $4,200,000 |
| L C Ind Inc | Operational support | 2014 | $14,000,000 |
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Frequently asked questions
- Is L C Industries Foundation a legitimate nonprofit?
- Yes. L C Industries Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 45-5200306, based in Durham, North Carolina. Donations are tax-deductible.
- What is L C Industries Foundation's EIN?
- L C Industries Foundation's Employer Identification Number (EIN) is 45-5200306.
- How much revenue does L C Industries Foundation report?
- L C Industries Foundation reported $10,841,089 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does L C Industries Foundation have?
- CharityIndex grades L C Industries Foundation C+, based on financial health (reserves and operating margin).
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Data for L C Industries Foundation (EIN 45-5200306) 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.