Financial Information for Luverne Area Community Foundation

Luverne Area Community Foundation's annual revenue was $2.9M in tax year 2024, reported on their IRS Form 990. They spent $2.3M in total expenses. 88% went to programs and services.

Financial Breakdown

What is Luverne Area Community Foundation's total annual expenses?

Luverne Area Community Foundation spent $2.3M in tax year 2024, according to their IRS Form 990 filing.

How much of Luverne Area Community Foundation's budget goes to programs?

Luverne Area Community Foundation spent $2.0M (88% of expenses) on programs and services in tax year 2024.

How much does Luverne Area Community Foundation spend on overhead?

Luverne Area Community Foundation's overhead in tax year 2024 includes administrative (5%) and fundraising (6%) of their expenses.

What is Luverne Area Community Foundation's net worth?

Luverne Area Community Foundation had net assets of $7.5M as of the end of tax year 2024.

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View full Luverne Area Community Foundation report

All figures are reported on the organization's IRS Form 990 filing and are public record. Revenue and expense data come from Form 990 Part I, and asset data comes from the balance sheet section. These are filed amounts as reported by the organization.