Lu Tech Institute Inc

Analysis

Lu Tech Institute Inc is a registered charity in United States, based in Guaynabo, PR. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2020, Lu Tech Institute Inc reported income of $200k and spending of $592k, spending 296% of what it took in. Over the whole period it spent 296% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lu Tech Institute Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 38th percentile within PR. Charities of a similar size with the same main cause include Claflin Qalicb Inc ($200k), Genesis Preschool Ministries a NJ Nonprofit Corporation ($200k) and Eclectic Teaching Consortium ($200k).

On its Form 990 for the period ending June 2020, revenue came from contributions and grants 50% and program service revenue 50% of the total. Other salaries and wages came to $571k. At year end it held assets of $24k against liabilities of $2,570, net assets of $22k.