Lucc Ltd of Raleigh

Analysis

Lucc Ltd of Raleigh is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in August 1984, 42 years ago. 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, Lucc Ltd of Raleigh reported income of $426k and spending of $510k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $340k to $426k (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lucc Ltd of Raleigh sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($426k), Pathway ($426k) and Lake Harmony Volunteer Fire Company ($426k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $59k. At year end it held assets of $1.8m against liabilities of $3.1m, net assets of -$1.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.