Lakan Incorporated
Lakan Incorporated is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in Potomac, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $823K in total assets. In 2024, it awarded 15 grants totaling $49K. Net investment income was $12K.
Key facts about Lakan Incorporated
- EIN
- 20-1754985
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $49,230
- Grants made (2024)
- 15
- Average grant
- $3,282
- Median grant
- $1,000
- Total assets
- $822,743
- Primary geography
- Maryland (59% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Lakan Incorporated funds
By grant dollars, the top recipient states for Lakan Incorporated's 15 itemized 2024 grants were Maryland (59%), Ohio (20%) and District of Columbia (17%). The most frequent recipient cities were Washington, DC (6 grants), Rockville, MD (2 grants) and Potomac, MD (2 grants). None of its 15 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable" (15 grants).
How Lakan Incorporated gives
- 67% of 2024 grantees were also funded in 2023. Method
- Giving fell 22% from 2021 to 2024. Method
- In 2023 it paid out 89% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Lakan Incorporated
- How to evaluate Lakan Incorporated as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$823K
-5.2% YoY
Annual Giving
$49K
+33.1% YoY
Grant Count
15
+7.1% YoY
Avg Grant Size
$3K
+24.2% YoY
About Lakan Incorporated
Based on IRS filings
Lakan Incorporated is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in Potomac, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $823K in total assets. In 2024, it awarded 15 grants totaling $49K. Net investment income was $12K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 15 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $822,743 | $867,878 | $890,519 |
| Revenue | $68,649 | — | $99,904 |
| Expenses | $49,230 | $37,000 | $55,000 |
| Qualifying Distributions | — | $37,000 | $55,000 |
| Net Investment Income | $12,325 | $2,038 | $28,602 |
| Distributable Amount | — | $41,632 | $44,523 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
66 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Fidelity Daf ($10,000), Guru Nanak Foundation of America ($10,000), Suburban Hospital Foundation ($9,730).
| Recipient | Purpose | Amount |
|---|---|---|
| FIDELITY DAF Cincinatti, OH | CHARITABLE | $10,000 |
| GURU NANAK FOUNDATION OF AMERICA Silver Spring, MD | CHARITABLE | $10,000 |
| SUBURBAN HOSPITAL FOUNDATION Bethesda, MD | CHARITABLE | $9,730 |
| GURU GOBIND SING FOUNDATION Rockville, MD | CHARITABLE | $7,000 |
| CHILDRENS NATL Washington, DC | CHARITABLE | $3,000 |
| SALDEF Washington, DC | CHARITABLE | $2,000 |
| FIVE TALENTS Falls Church, VA | CHARITABLE | $1,500 |
| HOWARD UNIVERSITY Washington, DC | CHARITABLE | $1,000 |
| SIKH GURDWARA DC Washington, DC | CHARITABLE | $1,000 |
| JASWANT SAWHNEY TRUST Potomac, MD | CHARITABLE | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Lakhbir Singh | Officer | 5 | — |
| Manpreet Singh | Officer | 5 | — |
| Gurpreet Singh | Officer | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Lakan Incorporated?
Lakan Incorporated is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in Potomac, MD. It holds $823K in total assets as of 2024.
How large is Lakan Incorporated?
As of 2024, Lakan Incorporated holds $823K in total assets with $69K in annual revenue. It awarded 15 grants totaling $49K in 2024.
Where does Lakan Incorporated operate?
Lakan Incorporated has awarded grants in Connecticut, District of Columbia, Massachusetts, Maryland, New Jersey, New York, Ohio, Texas, Virginia.
What size grants does Lakan Incorporated award?
In 2024, Lakan Incorporated awarded 15 grants totaling $49K — an average of about $3K per grant, based on its IRS Form 990 filings.
What is Lakan Incorporated's EIN?
Lakan Incorporated's EIN (Employer Identification Number) is 20-1754985. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.