Save Lucy Committee Inc

Analysis

Save Lucy Committee Inc is a registered charity in United States, based in Margate, NJ. It received its IRS tax-exemption ruling in July 1971, 55 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, Save Lucy Committee Inc reported income of $656k and spending of $788k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $370k to $656k (+77%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 306%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Save Lucy Committee Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within NJ. Charities of a similar size with the same main cause include Henry Strong Educational Foundation ($656k), Optimal Rhythms Inc ($656k) and Synapse House ($656k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $241k (31% of expenses). At year end it held assets of $2.4m against liabilities of $495k, net assets of $1.9m. It reported 23 employees.