Lukas Foundation

Analysis

Lukas Foundation is a registered charity in United States, based in Temple, NH. It received its IRS tax-exemption ruling in August 1981, 45 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lukas Foundation reported income of $1.5m and spending of $1.6m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.5m (-9.8%), an average of -2.6% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lukas Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within NH. Charities of a similar size with the same main cause include Boys & Girls Club of Danville Illinois ($1.5m), Williamette United Football Club Inc ($1.5m) and The Memorial Library of Radnor TWP ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.4% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $158k (9.8% of expenses). Other salaries and wages came to $755k. At year end it held assets of $7.4m against liabilities of $40k, net assets of $7.4m. It reported 29 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.