Adeline Lucas Foundation Inc

Analysis

Adeline Lucas Foundation Inc is a registered charity in United States, based in Palm Beach, FL. It received its IRS tax-exemption ruling in November 2021, 5 years ago. 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 2022, Adeline Lucas Foundation Inc reported income of $187k and spending of $187k, spending 100% of its income. Across the 2 years on record, from December 2021 to December 2022, income fell from $480k to $187k (-61%), an average of -61% a year. The sharpest change came in the year to December 2022, when income dropped by 61%. Over the whole period it spent 46% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Adeline Lucas Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($187k), Citizens for Elder Housing Inc ($187k) and Finger Lakes Law & Social Policy Center Inc ($187k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $150k (80% of expenses). At year end it held assets of $187k against liabilities of $187k, net assets of $0.