Love4lucas Foundation

Analysis

Love4lucas Foundation is a registered charity in United States, based in Pound Ridge, NY. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Love4lucas Foundation reported income of $72k and spending of $55k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $72k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 120% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Love4lucas Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include Jackson L Graves Foundation ($72k), Center for Nutritional Psychology Inc ($72k) and Dixon Volunteer Fire Department Incorporated ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $110k against liabilities of $0, net assets of $110k.