Ed Lucas Foundation Inc

Analysis

Ed Lucas Foundation Inc is a registered charity in United States, based in Union, NJ. It received its IRS tax-exemption ruling in May 2012, 14 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, Ed Lucas Foundation Inc reported income of $67k and spending of $104k, spending 154% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $77k to $67k (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2020, when income dropped by 64%. Over the whole period it spent 123% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ed Lucas Foundation Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 34th percentile within NJ. Charities of a similar size with the same main cause include March Forth with Hope Foundation Inc ($67k), Hedgeye Cares Inc ($67k) and Diamond Bar Friends of the Library ($67k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.5% of the total. At year end it held assets of $198k against liabilities of $123k, net assets of $75k.