Lucille Raines Residence Inc

Analysis

Lucille Raines Residence Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 1971, 55 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Lucille Raines Residence Inc reported income of $1.0m and spending of $594k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $530k to $1.0m (+94%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lucille Raines Residence Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within IN. Charities of a similar size with the same main cause include South Carolina United Methodist Foundation ($1.0m), On the Boards ($1.0m) and Sunnyside Foundation Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $114k (19% of expenses). Other salaries and wages came to $201k. At year end it held assets of $1.1m against liabilities of $7,224, net assets of $1.1m. It reported 24 employees.