Li & Cheung For Better World Foundation
Only null% goes to programs Strong reserves Declining revenue
Li & Cheung For Better World Foundation is a 501(c)(3) organization based in Hacienda Hts, California, registered in 2015, with $5 in FY2024 revenue. CharityIndex grades it F.
2521 Anvil Tree Ln, Hacienda Hts, CA, 91745 EIN 47-2681559 Since 2015
Revenue (FY2024)
$5
▼ 64.3% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$3,315
Net assets
$52K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—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 Li & Cheung For Better World Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating190 mo reserves · -66200% 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 Li & Cheung For Better World Foundation: 190 mo reserves · -66200% margin earns a F 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 Li & Cheung For Better World 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 Li & Cheung For Better World Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 2521 Anvil Tree Ln, Hacienda Hts, CA, 91745
- City
- Hacienda Hts
- State
- California
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $42 (FY2018) to $5 (FY2024) across 7 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $52K
Operating margin
-66200.0%
Spent more than it raised in the latest fiscal year.
Total assets
$52K
Total liabilities
$0
Net assets
$52K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $5▼64.3% | $3,315▲11.3% | $52,370▼5.9% | $52,370▼5.9% | 990PF |
| 2023 | $14▼83.7% | $2,978▼20.8% | $55,680▼5.1% | $55,680▼5.1% | 990PF |
| 2022 | $86▲856% | $3,760▲13.7% | $58,644▼5.9% | $58,644▼5.9% | 990PF |
| 2021 | $9▲50.0% | $3,308▼3.0% | $62,318▼5.0% | $62,318▼5.0% | 990PF |
| 2020 | $6 | $3,412▼10.6% | $65,617▼4.9% | $65,617▼4.9% | 990PF |
| 2019 | $0▼100% | $3,816▲2.4% | $69,023▼5.2% | $69,023▼5.2% | 990PF |
| 2018 | $42 | $3,726 | $72,839 | $72,839 | 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.
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Frequently asked questions
- Is Li & Cheung For Better World Foundation a legitimate nonprofit?
- Yes. Li & Cheung For Better World Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 47-2681559, based in Hacienda Hts, California. Donations are tax-deductible.
- What is Li & Cheung For Better World Foundation's EIN?
- Li & Cheung For Better World Foundation's Employer Identification Number (EIN) is 47-2681559.
- How much revenue does Li & Cheung For Better World Foundation report?
- Li & Cheung For Better World Foundation reported $5 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Li & Cheung For Better World Foundation have?
- CharityIndex grades Li & Cheung For Better World Foundation F, based on financial health (reserves and operating margin).
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Data for Li & Cheung For Better World Foundation (EIN 47-2681559) 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.