Lawrence Community Works Inc

Analysis

Lawrence Community Works Inc is a registered charity in United States, based in Lawrence, MA. It received its IRS tax-exemption ruling in December 1993, 33 years ago. 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 December 2023, Lawrence Community Works Inc reported income of $7.3m and spending of $7.1m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.8m to $7.3m (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lawrence Community Works Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Wellspring Foundation Inc ($7.2m), National Association of Counties Research Foundation ($7.3m) and Maui Family Support Services ($7.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $243k (3.4% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $81.5m against liabilities of $56.6m, net assets of $24.9m. It reported 70 employees.