Luminari Inc

Analysis

Luminari Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Luminari Inc reported income of $76k and spending of $86k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $99k to $76k (-23%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Luminari Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within PA. Charities of a similar size with the same main cause include Windswept Hills Inc ($76k), Pittsburgh Youth Golf Foundation Inc ($76k) and Lawrence County Young Guns ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. At year end it held assets of $98k against liabilities of $40, net assets of $98k.