Luma NW

Analysis

Luma NW is a registered charity in United States, based in Everett, WA. It received its IRS tax-exemption ruling in February 1967, 59 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Luma NW reported income of $1.1m and spending of $1.1m, spending 92% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $1.1m to $1.1m (+3.2%), an average of +1.1% a year. The sharpest change came in the year to May 2022, when income rose by 44%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Luma NW sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within WA. Charities of a similar size with the same main cause include Cardiff Soccer League Inc ($1.1m), Kelen Family Foundation ($1.1m) and Five for the Fight Foundation ($1.1m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 28% of the total. It paid $30k in professional fundraising fees. At year end it held assets of $4.0m against liabilities of $34k, net assets of $4.0m.