Luke Homan Foundation Inc

Analysis

Luke Homan Foundation Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in May 2008, 18 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, Luke Homan Foundation Inc reported income of $169k and spending of $174k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $89k to $169k (+90%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 1958%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Luke Homan Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within WI. Charities of a similar size with the same main cause include Faith Bible College ($169k), Csu Law Alumni Association Alumni Association ($169k) and Ufcw Leukemia Lymphoma Charity Golf Foundation ($169k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% of the total. At year end it held assets of $451k against liabilities of $0, net assets of $451k.