Lucy Fernandez Foundation Inc

Analysis

Lucy Fernandez Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Lucy Fernandez Foundation Inc reported income of $144k and spending of $63k, leaving 56% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $747k to $144k (-81%), an average of -81% a year. The sharpest change came in the year to December 2023, when income dropped by 81%. Over the whole period it spent 9.3% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lucy Fernandez Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within FL. Charities of a similar size with the same main cause include Wells Memorial Incorporated ($144k), Gjergj Kastrioti Scholarship Fund ($144k) and Samantha C Smith Charitable Foundation ($144k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 26% of the total. At year end it held assets of $808k against liabilities of $0, net assets of $808k.