Luminest Inc

Analysis

Luminest Inc is a registered charity in United States, based in Chambersburg, PA. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Luminest Inc reported income of $1.4m and spending of $1.3m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $879k to $1.4m (+61%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 59%. Over the whole period it spent 70% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Luminest Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within PA. Charities of a similar size with the same main cause include Take Up the Cause ($1.4m), Foresight Affordable Housing of Pennsylvania Inc ($1.4m) and Independence Hall Mutual Housing Association ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $241k (18% of expenses). Other salaries and wages came to $318k. At year end it held assets of $5.0m against liabilities of $513k, net assets of $4.5m. It reported 37 employees.