Lone Star Cookers Inc

Analysis

Lone Star Cookers Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in September 2020, 6 years ago. 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 March 2023, Lone Star Cookers Inc reported income of $147k and spending of $141k, spending 96% of its income. Across the 2 years on record, from March 2022 to March 2023, income grew from $24k to $147k (+520%), an average of +520% a year. The sharpest change came in the year to March 2023, when income rose by 520%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lone Star Cookers Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 50th percentile within TX. Charities of a similar size with the same main cause include Life Sharing Center Inc ($147k), Wat Lao Buddharangsy ($147k) and Southern Conference on Language Teaching ($147k).

On its Form 990-EZ for the period ending March 2023, revenue came from contributions and grants 98% and program service revenue 1.4% of the total. At year end it held assets of $7,211 against liabilities of $0, net assets of $7,211.