Luke 5 Adventures Inc

Analysis

Luke 5 Adventures Inc is a registered charity in United States, based in Mason, OH. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Luke 5 Adventures Inc reported income of $473k and spending of $473k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $624k to $473k (-24%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 75% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Luke 5 Adventures Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within OH. Charities of a similar size with the same main cause include Fair St Louis Foundation ($473k), El Grupo Youth Cycling ($473k) and Evans Memorial Camp Inc ($473k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $215k. At year end it held assets of $353k against liabilities of $3,395, net assets of $349k. It reported 4 employees.