Lucis Trust

Analysis

Lucis Trust is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1935, 91 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, Lucis Trust reported income of $1.6m and spending of $1.0m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $782k to $1.6m (+101%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 115%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lucis Trust sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Thriving Churches International Inc ($1.6m), Columbia Greenhouse Nursery School ($1.6m) and Marshall Child Development Center Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $45k (4.3% of expenses). Other salaries and wages came to $284k. At year end it held assets of $4.5m against liabilities of $2.0m, net assets of $2.5m. It reported 9 employees.