Lugar Comun Inc

Analysis

Lugar Comun Inc is a registered charity in United States, based in Miami Beach, FL. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Lugar Comun Inc reported income of $143k and spending of $146k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $129k to $143k (+11%), an average of +11% a year. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lugar Comun 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 46th percentile, and in the 50th percentile within FL. Charities of a similar size with the same main cause include Monett Area Fuller Center for Housing Inc N00069824 ($143k), Susan Kathleen Black Foundation Inc ($143k) and Caroline Victoria Coldicutt Arts Foundation ($143k).

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 $4,150 against liabilities of $0, net assets of $4,150.