Lena Park Community Development

Analysis

Lena Park Community Development is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in October 1972, 54 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Lena Park Community Development reported income of $822k and spending of $1.8m, spending 224% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.1m to $822k (-26%), an average of -9.4% a year. The sharpest change came in the year to December 2020, when income rose by 241%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lena Park Community Development sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Arizonans for Children Inc ($822k), Book Fairies Inc ($822k) and Community Market of Pottawatomie County Incorporated ($821k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 20% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $108k (5.9% of expenses). Other salaries and wages came to $361k. At year end it held assets of $9.8m against liabilities of $2.4m, net assets of $7.4m. It reported 22 employees.