Team Luke Hope for Minds

Analysis

Team Luke Hope for Minds is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in November 2011, 15 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, Team Luke Hope for Minds reported income of $984k and spending of $1.2m, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $460k to $984k (+114%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 71%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Team Luke Hope for Minds sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Health Information Project Inc ($984k), Quad Cities Autism Center Inc ($984k) and Rea of Hope Fellowship Home Inc ($984k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 112% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $89k (7.4% of expenses). Other salaries and wages came to $197k. At year end it held assets of $529k against liabilities of $327k, net assets of $202k. It reported 6 employees.