Lungevity Foundation

Analysis

Lungevity Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover medical research, 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 June 2023, Lungevity Foundation reported income of $14.4m and spending of $18.4m, spending 128% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.2m to $14.4m (+76%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 42%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lungevity Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include Presentation Medical Center ($14.4m), Mississippi State University Educational Building Corporation ($14.4m) and Northwest Horizons Inc ($14.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $1.0m (5.7% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $8.8m against liabilities of $1.1m, net assets of $7.7m. It reported 72 employees.