St Luke United Methodist Foundation Inc

Analysis

St Luke United Methodist Foundation Inc is a registered charity in United States, based in Sanford, NC. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, St Luke United Methodist Foundation Inc reported income of $142k and spending of $53k, leaving 63% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $54k to $142k (+164%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 133%. Over the whole period it spent 67% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, St Luke United Methodist Foundation Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NC. Charities of a similar size with the same main cause include I Am for the Urals Inc ($142k), Servants to Asia S Urban Poor Inc ($142k) and Joshua Generation International Network ($142k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.