Lulus Place Inc

Analysis

Lulus Place Inc is a registered charity in United States, based in El Segundo, CA. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Lulus Place Inc reported income of $21.1m and spending of $451k, leaving 98% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $21.1m (+956%), an average of +80% a year. The sharpest change came in the year to December 2021, when income rose by 153%. Over the whole period it spent 10% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lulus Place Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Young Mens Christian Association of Greater Waukesha County Inc ($21.1m), USA Climbing ($21.4m) and Houston Livestock Show and Rodeo Educational Fund ($21.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. It paid $2,547 in professional fundraising fees. At year end it held assets of $52.0m against liabilities of $192k, net assets of $51.9m.