Lupus Foundation of New England Inc

Analysis

Lupus Foundation of New England Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in August 1974, 52 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Lupus Foundation of New England Inc reported income of $226k and spending of $306k, spending 135% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $248k to $226k (-8.7%), an average of -3.0% a year. The sharpest change came in the year to December 2020, when income rose by 79%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lupus Foundation of New England Inc sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within MA. Charities of a similar size with the same main cause include Cornerstone for Hope ($226k), Minnesota Emergency Care Associaion Inc ($226k) and Panhandle Forensic Nurse Specialists Inc ($226k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $88k (29% of expenses). Other salaries and wages came to $81k. At year end it held assets of $736k against liabilities of -$11k, net assets of $747k. It reported 3 employees.