Liuna Training and Education Fund

Analysis

Liuna Training and Education Fund is a registered charity in United States, based in Pomfret Ctr, CT. It received its IRS tax-exemption ruling in February 1970, 56 years ago. 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, Liuna Training and Education Fund reported income of $8.8m and spending of $10.6m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $11.4m to $8.8m (-24%), an average of -6.5% a year. The sharpest change came in the year to December 2020, when income dropped by 29%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Liuna Training and Education Fund sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within CT. Charities of a similar size with the same main cause include Marc Inc ($8.8m), Moncrief Cancer Foundation ($8.8m) and Okeechobee Council on Aging Inc ($8.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 8.2% of the total. Compensation of current officers, directors and key employees was $1.1m (10% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $15.7m against liabilities of $533k, net assets of $15.2m. It reported 32 employees.

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.