Luminaries Inc

Analysis

Luminaries Inc is a registered charity in United States, based in Northfield, IL. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Luminaries Inc reported income of $272k and spending of $255k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $139k to $272k (+95%), an average of +96% a year. The sharpest change came in the year to December 2023, when income rose by 95%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Luminaries 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 60th percentile, and in the 60th percentile within IL. Charities of a similar size with the same main cause include Hillsboro Area Health System NFP ($272k), Planned Parenthood of Southeastern Virginia Inc ($272k) and Heart and Soul Clinic Inc ($272k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $33k against liabilities of $0, net assets of $33k.