Lukaba Productions

Analysis

Lukaba Productions is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lukaba Productions reported income of $686k and spending of $987k, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $867k to $686k (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2021, when income rose by 272%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lukaba Productions sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include Nia Cultural Center ($686k), Studio Channel Islands Art Center ($686k) and Gaga USA Inc ($686k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $66k (6.6% of expenses). Other salaries and wages came to $176k. At year end it held assets of $1.4m against liabilities of $1.0m, net assets of $398k. It reported 33 employees.