St Lukes Development Corporation

Analysis

St Lukes Development Corporation is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, St Lukes Development Corporation reported income of $64k and spending of $111k, spending 174% of what it took in. Over the whole period it spent -98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, St Lukes Development Corporation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within CT. Charities of a similar size with the same main cause include Peru Village Los Angeles Pvla ($64k), Hope at Heart Foundation ($64k) and North East Neighborhoods Living at Home-Block Nurse Program ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 16% of the total. At year end it held assets of $441k against liabilities of $1.0m, net assets of -$571k.

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.