Luminarias Inc

Analysis

Luminarias Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Luminarias Inc reported income of $165k and spending of $169k, spending 102% of its income. Across the 2 years on record, from December 2019 to December 2023, income fell from $240k to $165k (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 125% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Luminarias Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within MN. Charities of a similar size with the same main cause include Medical Eye & Dental International Care Organization Inc ($165k), Advisory Council on Democratic and Peaceful Unification in Washington ($165k) and International Food & Agribusiness Management Association ($165k).

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 $34k against liabilities of $0, net assets of $34k.