Luke101 Inc

Analysis

Luke101 Inc is a registered charity in United States, based in Conyers, GA. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Luke101 Inc reported income of $203k and spending of $207k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $215k to $203k (-6.0%), an average of -1.5% a year. The sharpest change came in the year to December 2021, when income rose by 71%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Luke101 Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within GA. Charities of a similar size with the same main cause include St Marys Foundation of Storm Lake Iowa ($202k), Iglesia de Dios Hispana Maranatha Inc ($203k) and Van Ness Study Center Inc ($202k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $46k against liabilities of $0, net assets of $46k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.