Walter E Luckett Jr Foundation Inc

Analysis

Walter E Luckett Jr Foundation Inc is a registered charity in United States, based in Hamden, CT. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Walter E Luckett Jr Foundation Inc reported income of $199k and spending of $180k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $108k to $199k (+84%), an average of +84% a year. The sharpest change came in the year to December 2023, when income rose by 84%. Over the whole period it spent 126% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Walter E Luckett Jr Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within CT. Charities of a similar size with the same main cause include Attucks Community Service Board ($199k), Simply Girls Incorporated ($199k) and Central Wyoming Chapter of the American Petroleum Institute ($199k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.