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Ls Classic Foundation

EIN 74-2931329 · Austin, TX

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood85 out of 100GovernanceWeak46 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO CURE SPINAL CORD PARALYSIS (SCP) THROUGH FUNDING RESEARCH, RECOVERY AND RECREATION (THREE R'S).

Income
$962,113
Spending
$823,193
Spent on programs
97%
Reserves
44.8 months of spending
Largest source of income
donations and private grants, 53%
Employees
4
Volunteers
0
Highest pay
$18,409, exec. dir.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 85 out of 100. Higher than 50% of charities in its peer group (philanthropy, $250k to $1m).

  • Reserves

    35 of 35

    Spendable reserves would cover 44.8 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 14% of income.

  • Income trend

    0 of 15

    Income fell 63% on the year before.

  • Spending floor

    15 of 15

    97% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 46 out of 100. Higher than 13% of charities in its peer group (philanthropy, $250k to $1m).

  • Independent board

    25 of 25

    15 of 15 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. $373,023 spent. RESEARCH - RAISE FUNDS FOR MEDICAL RESEARCH TO FIND A CURE. RECOVERY - RAISE FUNDS TO HELP THOSE INJURED RECEIVE PHYSICAL THERAPY, AND TO BUY EQUIPMENT FOR THE RECOVERY CENTER. RECREATION - CREATED AN ADAPTIVE SPORTS PROGRAM FOR SCI INDIVIDUALS
  2. $148,171 spent. RESEARCH FUNDED UT AUSTIN - DR BITTNER'S RESEARCH USING PEG INFUSION IN RATS TO CURE PARALYSIS... HE IS WORKING ON RECONNECTING THE NERVES WHERE THEY WERE DAMAGED. $110,000RECREATIONFUNDED CAMP SCHOLARSHIPS FOR PARAPLEGICS AND QUADRIPLEGICSSPONSOR RECREATION EVENTS - WHEELCHAIR RUGBY, UTSA TENNIS FOR PARAPELEGICS, ATX ABILITIES, AUSTIN REC'ERSFACILITATED SEVERAL OUTDOOR RECREATION ACTIVITIES TO INCLUDE KAYAKING, ARCHERY, SHOOTING,SKIINGRECEIVED VA GRANT TO SPEND ON THE TEXAS PARASPORTS - TEXAS REGIONAL GAMESPURCHASED SOME SPORT WHEELCHAIRSRECOVERYPURCHASED THE IBOT POWERBASE-$46KFUNDED 24 SCHOLARSHIPS FOR RECOVERY... MANY INDIVIDUALS' INSURANCE RUNS OUT, THEY DON'T HAVE INSURANCE OR CAN'T AFFORD THE COPAY PERCENTAGE AND WE HELP PAY FOR THEIR PHYSICAL THERAPY SESSIONS AT SPERO REHAB OR EASTER SEALS. SOME OF THE RECIPIENTS HAVE HAD SPINAL INJURIES OR HAVE EXPERIENCED PARALYSIS FROM STROKES. THESE PATIENTS ARE REVIEWED BY A THERAPIST AND SESSIONS ARE DOCUMENTED. WE HAVE SEVERAL AMAZING RECOVERY STORIES.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since April 2000.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.