LP Wind Up Corporation

Analysis

LP Wind Up Corporation is a registered charity in United States, based in North Conway, NH. It received its IRS tax-exemption ruling in October 1975, 51 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, LP Wind Up Corporation reported income of $1.9m and spending of $1.8m, spending 92% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $1.8m to $1.9m (+8.6%), an average of +2.1% a year. The sharpest change came in the year to March 2021, when income rose by 26%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, LP Wind Up Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NH. Charities of a similar size with the same main cause include Ppep Microbusiness and Housing Development Corporation ($1.9m), Green Rural Redevelopment Inc ($1.9m) and Southwest Boston Community Development Corporation ($1.9m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 59% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $385k (21% of expenses). Other salaries and wages came to $89k. At year end it held assets of $16.4m against liabilities of $6.4m, net assets of $10.0m. It reported 8 employees.