Lucy JS Bakery Inc

Analysis

Lucy JS Bakery Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lucy JS Bakery Inc reported income of $407k and spending of $443k, spending 109% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $123k to $407k (+230%), an average of +27% a year. The sharpest change came in the year to December 2019, when income rose by 74%. Over the whole period it spent 117% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lucy JS Bakery Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within TN. Charities of a similar size with the same main cause include Southern Maine Workers Center ($407k), Ab Community ($407k) and Lawton Enhancement Trust Authority ($406k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $197k. At year end it held assets of $150k against liabilities of $143k, net assets of $6,929. It reported 16 employees.