Logica Inc

Analysis

Logica Inc is a registered charity in United States, based in Murray, UT. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 2022, Logica Inc reported income of $123k and spending of $85k, leaving 30% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $217k to $123k (-43%), an average of -17% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Logica Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within UT. Charities of a similar size with the same main cause include Chemocars Inc ($123k), Art of God Ministry ($123k) and International Consortium Ofcirculatory Assist Clinicians a NJ ($123k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $172k against liabilities of $8,048, net assets of $164k.