Friends of Lums-Usa Association

Analysis

Friends of Lums-Usa Association is a registered charity in United States, based in Saratoga, CA. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Friends of Lums-Usa Association reported income of $352k and spending of $2,757, leaving 99% of income unspent that year. Across the 6 years on record, from December 2017 to December 2023, income grew from $61k to $352k (+476%), an average of +42% a year. The sharpest change came in the year to December 2021, when income rose by 1930%. Over the whole period it spent 12% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Lums-Usa Association sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Encino Elementary School Booster Club Inc ($352k), Hampshire Nursery School ($352k) and Snyder Christian School Inc ($352k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5.0m against liabilities of $0, net assets of $5.0m.