Lu & Wang Family Foundation Inc
Only null% goes to programs Strong reserves Declining revenue
Lu & Wang Family Foundation Inc is a 501(c)(3) organization based in Garrison, New York, registered in 2022, with $32,696 in FY2024 revenue. CharityIndex grades it C.
784 Old Albany Post Rd, Garrison, NY, 10524 EIN 87-3789278 Since 2022
Revenue (FY2024)
$33K
▲ 714.8% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$40K
Net assets
$452K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
—Program efficiency40% of the ratingNo expense breakdown in filings
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 Lu & Wang Family Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating136 mo reserves · -22% margin
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 Lu & Wang Family Foundation Inc: 136 mo reserves · -22% margin earns a C+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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 Lu & Wang Family Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
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 Lu & Wang Family Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 784 Old Albany Post Rd, Garrison, NY, 10524
- City
- Garrison
- State
- New York
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $510K (FY2021) to $33K (FY2024) across 4 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $15KNet assets $452K
Operating margin
-22.4%
Spent more than it raised in the latest fiscal year.
Total assets
$467K
Total liabilities
$15K
Net assets
$452K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $32,696▲715% | $40,024▲58.2% | $452,098▼1.6% | $467,389▲1.4% | 990PF |
| 2023 | $4,013▼89.9% | $25,307▼50.5% | $459,426▼4.4% | $460,881▼9.3% | 990PF |
| 2022 | $39,739▼92.2% | $51,080▲185% | $480,719▼2.3% | $508,197▲3.1% | 990PF |
| 2021 | $510,000 | $17,940 | $492,060 | $493,060 | 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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Frequently asked questions
- Is Lu & Wang Family Foundation Inc a legitimate nonprofit?
- Yes. Lu & Wang Family Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 87-3789278, based in Garrison, New York. Donations are tax-deductible.
- What is Lu & Wang Family Foundation Inc's EIN?
- Lu & Wang Family Foundation Inc's Employer Identification Number (EIN) is 87-3789278.
- How much revenue does Lu & Wang Family Foundation Inc report?
- Lu & Wang Family Foundation Inc reported $32,696 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Lu & Wang Family Foundation Inc have?
- CharityIndex grades Lu & Wang Family Foundation Inc C, based on financial health (reserves and operating margin).
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Data for Lu & Wang Family Foundation Inc (EIN 87-3789278) 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.