Lonely Entrepreneur Inc

Analysis

Lonely Entrepreneur Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2018, 8 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 December 2023, Lonely Entrepreneur Inc reported income of $3.2m and spending of $2.9m, spending 92% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $596k to $3.2m (+434%), an average of +75% a year. The sharpest change came in the year to December 2022, when income rose by 95%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lonely Entrepreneur Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Winchendon School - Brooklyn ($3.2m), Trust Agreement Pennsylvania Independent Schools Insurance ($3.2m) and Coding School ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. It paid $110k in professional fundraising fees. At year end it held assets of $879k against liabilities of $65k, net assets of $814k.