Lutzie 43 Foundation

Analysis

Lutzie 43 Foundation is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Lutzie 43 Foundation reported income of $851k and spending of $571k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $475k to $851k (+79%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lutzie 43 Foundation 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 77th percentile, and in the 81st percentile within GA. Charities of a similar size with the same main cause include Friends of Payton Association ($851k), Redlands Community Foundation ($851k) and Community Library Inc ($850k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% of the total. Compensation of current officers, directors and key employees was $178k (31% of expenses). Other salaries and wages came to $140k. At year end it held assets of $1.1m against liabilities of $202k, net assets of $910k. It reported 3 employees.