Lucy Corr Foundation Inc

Analysis

Lucy Corr Foundation Inc is a registered charity in United States, based in Chesterfield, VA. It received its IRS tax-exemption ruling in January 2001, 25 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, Lucy Corr Foundation Inc reported income of $100k and spending of $179k, spending 180% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $271k to $100k (-63%), an average of -28% a year. The sharpest change came in the year to December 2022, when income rose by 94%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lucy Corr Foundation Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within VA. Charities of a similar size with the same main cause include History of Medicine Foundation ($100k), Fort Mill Rotary Club Foundation Inc ($100k) and Alaska Eagles Charity Foundation ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. At year end it held assets of $339k against liabilities of $68k, net assets of $271k.