La-z-boy Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
La-z-boy Foundation is a 501(c)(3) organization based in Monroe, Michigan, registered in 1955, with $2,137,415 in FY2024 revenue. CharityIndex grades it C+.
1 Lazboy Dr, Monroe, MI, 48162 EIN 38-6087673 Since 1955
Revenue (FY2024)
$2.1M
▲ 20.6% vs prior year
Expenses (FY2024)
$1.6M
Net assets
$26.4M
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 La-z-boy 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 rating202 mo reserves · +27% 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 La-z-boy Foundation: 202 mo reserves · +27% 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 La-z-boy 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 La-z-boy Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue declined from $2.4M (FY2018) to $2.1M (FY2024) across 7 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $26.4M
Operating margin
26.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$26.4M
Total liabilities
$0
Net assets
$26.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,137,415▲20.6% | $1,564,705▲5.0% | $26,398,882▲2.2% | $26,398,882▲2.2% | 990PF |
| 2023 | $1,772,767▲0.7% | $1,489,951▼5.2% | $25,826,172▲1.2% | $25,826,172▲1.2% | 990PF |
| 2022 | $1,760,771▼50.9% | $1,571,211▼15.7% | $25,512,871▲0.7% | $25,512,871▲0.7% | 990PF |
| 2021 | $3,585,559▲14.6% | $1,864,566▲24.7% | $25,323,311▲7.3% | $25,323,311▲7.3% | 990PF |
| 2020 | $3,128,391▲53.0% | $1,495,117▲9.5% | $23,602,318▲7.4% | $23,602,318▲7.4% | 990PF |
| 2019 | $2,044,886▼16.4% | $1,365,717▼5.4% | $21,969,044▲3.2% | $21,969,044▲3.2% | 990PF |
| 2018 | $2,447,359 | $1,443,392 | $21,289,875 | $21,289,875 | 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 La-z-boy Foundation a legitimate nonprofit?
- Yes. La-z-boy Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-6087673, based in Monroe, Michigan. Donations are tax-deductible.
- What is La-z-boy Foundation's EIN?
- La-z-boy Foundation's Employer Identification Number (EIN) is 38-6087673.
- How much revenue does La-z-boy Foundation report?
- La-z-boy Foundation reported $2,137,415 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does La-z-boy Foundation have?
- CharityIndex grades La-z-boy Foundation C+, based on financial health (reserves and operating margin).
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Data for La-z-boy Foundation (EIN 38-6087673) 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.