Lucent Education Association

Analysis

Lucent Education Association is a registered charity in United States, based in Ennis, TX. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lucent Education Association reported income of $311k and spending of $240k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $137k to $311k (+126%), an average of +126% a year. The sharpest change came in the year to December 2023, when income rose by 126%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lucent Education Association sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Parents of Welby Way ($311k), People Prosper International Inc ($311k) and Citrs Inc ($311k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $66k (28% of expenses). It paid $686 in professional fundraising fees. At year end it held assets of $392k against liabilities of $294k, net assets of $98k.