The Luzerne Foundation

Analysis

The Luzerne Foundation is a registered charity in United States, based in Wilkes Barre, PA. It received its IRS tax-exemption ruling in November 1994, 32 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, The Luzerne Foundation reported income of $7.1m and spending of $6.2m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $18.4m to $7.1m (-61%), an average of -21% a year. The sharpest change came in the year to December 2022, when income rose by 330%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Luzerne Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include Julia Lee Performing Arts Academy ($7.1m), Education Freedom Alabama ($7.1m) and Dekalb Preparatory Academy Inc ($7.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. Compensation of current officers, directors and key employees was $250k (4.0% of expenses). Other salaries and wages came to $324k. At year end it held assets of $67.7m against liabilities of $10.8m, net assets of $56.9m. It reported 8 employees.