Lync8 Project Corp

Analysis

Lync8 Project Corp is a registered charity in United States, based in Harrodsburg, KY. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lync8 Project Corp reported income of $220k and spending of $192k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $242k to $220k (-8.9%), an average of -8.9% a year. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lync8 Project Corp sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within KY. Charities of a similar size with the same main cause include Hindu Charities for America ($220k), A Positive Attitude Outlook of Southern California ($220k) and Alliance of Californias Farmers and Ranchers Community Fund ($220k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $30k (16% of expenses). At year end it held assets of $67k against liabilities of $0, net assets of $67k.