Lourexis Inc

Analysis

Lourexis Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in September 1983, 43 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 October 2023, Lourexis Inc reported income of $948k and spending of $930k, spending 98% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $863k to $948k (+9.8%), an average of +2.4% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lourexis Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within OH. Charities of a similar size with the same main cause include South Florida Autism Center Inc ($948k), Toco Hills Community Alliance Inc ($948k) and Carroll County Agricultural Society ($948k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 4.5% and program service revenue 93% of the total. Other salaries and wages came to $105k. At year end it held assets of $3.0m against liabilities of $2.9m, net assets of $36k.