Nick J Lorusso Memorial Fund

Analysis

Nick J Lorusso Memorial Fund is a registered charity in United States, based in Fort Collins, CO. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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, Nick J Lorusso Memorial Fund reported income of $72k and spending of $12k, leaving 83% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $62k to $72k (+16%), an average of +7.7% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 6.4% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nick J Lorusso Memorial Fund sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within CO. Charities of a similar size with the same main cause include Paws Assisting Wounded Warriors Inc ($72k), Johnson County United Way ($72k) and Friends of the Fond du Lac Senior ($72k).

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