Luce Family Church Inc

Analysis

Luce Family Church Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2023, 3 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Luce Family Church Inc reported income of $361k and spending of $385k, spending 107% of what it took in. Across the 2 years on record, from April 2023 to April 2024, income fell from $1.2m to $361k (-70%), an average of -70% a year. The sharpest change came in the year to April 2024, when income dropped by 70%. Over the whole period it spent 44% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Luce Family Church Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include American Friends of Sar Yeshiva Nehar Shalom Inc ($361k), Pomona Holy Church ($361k) and Hiding Place Hollow Inc ($361k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 94% of the total. It paid $80k in professional fundraising fees. At year end it held assets of $866k against liabilities of $3,138, net assets of $863k.