Ludacris Foundation

Analysis

Ludacris Foundation is a registered charity in United States, based in East Point, GA. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Ludacris Foundation reported income of $717k and spending of $990k, spending 138% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $233k to $717k (+207%), an average of +45% a year. The sharpest change came in the year to December 2022, when income rose by 231%. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ludacris Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within GA. Charities of a similar size with the same main cause include Philanthropy for Active Civic Engagement ($717k), Lincoln County Foundation ($718k) and Geary Community Healthcare Foundation ($717k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $321k against liabilities of $0, net assets of $321k.