Lucky Fin Project

Analysis

Lucky Fin Project is a registered charity in United States, based in Royal Oak, MI. It received its IRS tax-exemption ruling in December 2013, 13 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 2022, Lucky Fin Project reported income of $118k and spending of $177k, spending 150% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $259k to $118k (-54%), an average of -23% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lucky Fin Project sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within MI. Charities of a similar size with the same main cause include Blountville Emergency Response and Rescue Inc ($118k), The Center of Hope ($118k) and LL Wholestic Health Services ($118k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 33% of the total. Compensation of current officers, directors and key employees was $55k (31% of expenses). At year end it held assets of $303k against liabilities of $0, net assets of $303k. It reported 1 employees.