Lulu & Leo Fund

Analysis

Lulu & Leo Fund is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Lulu & Leo Fund reported income of $729k and spending of $534k, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $759k to $729k (-3.9%), an average of -1.0% a year. The sharpest change came in the year to June 2023, when income rose by 118%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lulu & Leo Fund sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Enid Arts and Sciences Foundation ($729k), Studio Theatre of L I Inc ($729k) and Elm Shakespeare Company ($729k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 106% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $18k (3.4% of expenses). Other salaries and wages came to $245k. At year end it held assets of $1.2m against liabilities of $33k, net assets of $1.1m. It reported 5 employees.