Lulac Institute Inc

Analysis

Lulac Institute Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Lulac Institute Inc reported income of $2.8m and spending of $4.9m, spending 178% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.9m to $2.8m (-30%), an average of -8.5% a year. The sharpest change came in the year to December 2023, when income dropped by 53%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lulac Institute Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 72nd percentile within DC. Charities of a similar size with the same main cause include Greater Alliance Foundation Inc ($2.8m), Greater Houston Community Foundation ($2.8m) and Alliance for Hope International ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $226k (4.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $4.4m against liabilities of $975k, net assets of $3.4m. It reported 23 employees.