Lundberg Association

Analysis

Lundberg Association is a registered charity in United States, based in Renton, WA. It received its IRS tax-exemption ruling in October 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Lundberg Association reported income of $457k and spending of $495k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $336k to $457k (+36%), an average of +8.0% a year. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lundberg Association sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within WA. Charities of a similar size with the same main cause include Dominican Retreat House Inc ($457k), Clerical Endowment Fund of the Austin Diocesan Council NCCW ($457k) and Hale Mahaolu Eha Inc ($457k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 34% of the total. Other salaries and wages came to $118k. At year end it held assets of $1.9m against liabilities of $467k, net assets of $1.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.