Project Lucas Inc

Analysis

Project Lucas Inc is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 2023, Project Lucas Inc reported income of $417k and spending of $414k, spending 99% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $236k to $417k (+77%), an average of +33% a year. The sharpest change came in the year to June 2022, when income rose by 58%. Over the whole period it spent 98% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Project Lucas Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within VA. Charities of a similar size with the same main cause include Unite the World with Africa Foundation Inc ($416k), Georgia for Georgia Inc ($418k) and Novak Djokovic Foundation USA ($416k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $60k (14% of expenses). At year end it held assets of $48k against liabilities of $1,674, net assets of $47k. It reported 1 employees.