Lucketts Bluegrass Foundation

Analysis

Lucketts Bluegrass Foundation is a registered charity in United States, based in Leesburg, VA. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, Lucketts Bluegrass Foundation reported income of $62k and spending of $58k, spending 93% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $6,174 to $62k (+911%), an average of +911% a year. The sharpest change came in the year to September 2023, when income rose by 911%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lucketts Bluegrass Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within VA. Charities of a similar size with the same main cause include Nor or Charitable Foundation Inc ($62k), Indian History Awareness and Research ($62k) and New Orleans Dance Collective Inc ($62k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 3.2% and program service revenue 87% of the total. At year end it held assets of $115k against liabilities of $398, net assets of $114k.