Luskin Family Foundation Inc

Analysis

Luskin Family Foundation Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 2014, 12 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Luskin Family Foundation Inc reported income of $519k and spending of $179k, leaving 65% of income unspent that year. Across the 3 years on record, from June 2020 to June 2023, income grew from $276k to $519k (+88%), an average of +37% a year. The sharpest change came in the year to June 2021, when income rose by 49%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Luskin Family Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MD. Charities of a similar size with the same main cause include Park National Bank Employees Community Service Fund ($519k), Greener Pastures Foundation ($519k) and Achieve Language Academy Building Company ($518k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $365k against liabilities of $0, net assets of $365k.