Lucas Magazine Community Foundation Inc

Analysis

Lucas Magazine Community Foundation Inc is a registered charity in United States, based in New PRT Rchy, FL. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Lucas Magazine Community Foundation Inc reported income of $77k and spending of $112k, spending 145% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $119k to $77k (-35%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lucas Magazine Community Foundation Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 34th percentile within FL. Charities of a similar size with the same main cause include Lawrence County Economic Development Foundation ($77k), Kiwanis Club of Fort Collins-Eyeopeners Foundation ($77k) and Pennsylvania State Association of County Fairs ($77k).

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 $30k against liabilities of $0, net assets of $30k.