Lucky Project

Analysis

Lucky Project is a registered charity in United States, based in Park City, UT. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lucky Project reported income of $280k and spending of $259k, spending 92% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $158k to $280k (+77%), an average of +33% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 113% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lucky Project sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within UT. Charities of a similar size with the same main cause include Battlefields to Ballfields ($280k), Anchor Fund ($280k) and Hope Medical of Washington ($280k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 118% of the total. Compensation of current officers, directors and key employees was $78k (30% of expenses). Other salaries and wages came to $97k. At year end it held assets of $235k against liabilities of $180k, net assets of $55k. It reported 32 employees.