Ludington Inc

Ludington Inc is a U.S. nonprofit organization, designated for religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition, or the prevention of cruelty to children or animals. Donations to this organization are tax-deductible, making it a valuable entity for benefactors seeking to contribute to such causes.

Financial Overview

As of recent financial reporting, Ludington Inc's total assets were valued at approximately $725,032, with no liabilities recorded. The organization relies primarily on dividends for revenue, generating about 99.7% of its income from such sources in one of its recent fiscal years[1].

Activity Profile

The nonprofit organization focuses on charitable disbursements, which have comprised the bulk of its expenses. In a recent fiscal year, charitable disbursements accounted for nearly 98.8% of total expenses[1]. This emphasis on charitable giving indicates Ludington Inc's commitment to supporting community or social causes.

Governance and Compensation

Key personnel and officers of Ludington Inc do not receive compensation, as the organization's focus is on philanthropic activities rather than administrative overhead. This is reflected in the financial statements, where officer compensation is reported as zero[1].

Overall, Ludington Inc operates as a private foundation that prioritizes charitable giving and maintains a straightforward financial structure without officer compensation, reflecting a commitment to its stated charitable purposes.

[1] https://projects.propublica.org/nonprofits/organizations/311128833 [2] https://www.lakeshoreresourcenetwork.org [3] https://visitludington.com/community-services-nonprofit-organizations [4] https://www.jciludington.org [5] https://chamber.ludington.org/list/Search/family-community-civic-organizations-409278