Frank S Lucente Foundation is a 501(c)(3) organization based in Somerset, Pennsylvania, registered in 1998, with $43,275 in FY2024 revenue. CharityIndex grades it C+.
Revenue (FY2024)
$43K
▲ 1.0% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$43K
Net assets
$822K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Frank S Lucente Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Frank S Lucente Foundation: 228 mo reserves · -0% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Frank S Lucente Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Frank S Lucente Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue grew from $25K (FY2019) to $43K (FY2024) across 6 reported years.
Financial snapshot
Operating margin
-0.1%
Spent more than it raised in the latest fiscal year.
Total assets
$822K
Total liabilities
$0
Net assets
$822K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $43,275▲1.0% | $43,325▼2.9% | $821,565▲8.2% | $821,565▲8.2% | 990PF |
| 2023 | $42,836▲25.4% | $44,622▼10.9% | $759,238▲7.0% | $759,238▲7.0% | 990PF |
| 2022 | $34,151▼32.9% | $50,093▲13.2% | $709,819▼20.7% | $709,819▼20.7% | 990PF |
| 2021 | $50,867▲12.0% | $44,250▲2.4% | $894,612▲9.4% | $894,612▲9.4% | 990PF |
| 2020 | $45,430▲82.3% | $43,197▲1.2% | $817,874▲6.1% | $817,874▲6.1% | 990PF |
| 2019 | $24,919 | $42,693 | $770,661 | $770,661 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Frank S Lucente Foundation (EIN 23-7949281) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.