Lui Foundation Inc

Analysis

Lui Foundation Inc is a registered charity in United States, based in Centreville, VA. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lui Foundation Inc reported income of $66k and spending of $54k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $47k to $66k (+41%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lui Foundation Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within VA. Charities of a similar size with the same main cause include Xerostress Inc ($66k), Blake Bortles Foundation Inc ($66k) and Thomaston and Upson County Ministerial Association Inc ($66k).

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 $41k against liabilities of $9,252, net assets of $32k.