Lawrence Family Development Inc

Analysis

Lawrence Family Development Inc is a registered charity in United States, based in Lawrence, MA. It received its IRS tax-exemption ruling in February 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Lawrence Family Development Inc reported income of $7.2m and spending of $8.3m, spending 115% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.2m to $7.2m (+70%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lawrence Family Development Inc sits at the 93rd percentile: it is larger than about 92% 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 Young Mens Christian Association Incorporated ($7.2m), Community Action of Orleans and Genesee Inc ($7.2m) and Jewish Agency-American Section Inc ($7.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 32% and program service revenue 44% of the total. Other salaries and wages came to $3.6m. At year end it held assets of $7.1m against liabilities of $5.6m, net assets of $1.5m. It reported 84 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.