Lucy Project Inc

Analysis

Lucy Project Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in June 2020, 6 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 2023, Lucy Project Inc reported income of $365k and spending of $388k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $299k to $365k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lucy Project Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include Intergroup Association of Minneapolis and Suburban Area Inc ($365k), Nami Arizona ($365k) and Cascade Fire Department ($365k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $38k (9.7% of expenses). Other salaries and wages came to $140k. At year end it held assets of $54k against liabilities of $2,193, net assets of $52k. It reported 11 employees.