Lower Pioneer Valley Educational Corporation

Analysis

Lower Pioneer Valley Educational Corporation is a registered charity in United States, based in W Springfield, MA. It received its IRS tax-exemption ruling in April 1983, 43 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 June 2023, Lower Pioneer Valley Educational Corporation reported income of $1.2m and spending of $1.1m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.8m to $1.2m (-32%), an average of -9.3% a year. The sharpest change came in the year to June 2021, when income dropped by 29%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lower Pioneer Valley Educational Corporation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include Seattle Neighborhood Group ($1.2m), Executive Service Corps of Chicago ($1.2m) and Urban Development Corporation ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 83% of the total. At year end it held assets of $21.1m against liabilities of $9.8m, net assets of $11.2m.