Lungstrong Inc

Analysis

Lungstrong Inc is a registered charity in United States, based in Amesbury, MA. It received its IRS tax-exemption ruling in February 2012, 14 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 December 2023, Lungstrong Inc reported income of $188k and spending of $198k, spending 105% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $248k to $188k (-24%), an average of -8.8% a year. The sharpest change came in the year to December 2021, when income dropped by 18%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lungstrong Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within MA. Charities of a similar size with the same main cause include Preston Homes II Inc ($188k), Montachusett Recovery Foundation C ($188k) and Trauma Research and Education Foundation of Fresno ($188k).

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 $1,666 against liabilities of $0, net assets of $1,666.