Luena Foundation

Analysis

Luena Foundation is a registered charity in United States, based in Walnut Creek, CA. It received its IRS tax-exemption ruling in October 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 (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, Luena Foundation reported income of $224k and spending of $236k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $167k to $224k (+35%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Luena Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Poor Roberts Mission ($224k), Kiddiworld Inc ($224k) and Life Skills San Diego ($224k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $160k against liabilities of $0, net assets of $160k.