Act Lawrence Inc

Analysis

Act Lawrence Inc is a registered charity in United States, based in Lawrence, MA. It received its IRS tax-exemption ruling in November 1998, 28 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 December 2023, Act Lawrence Inc reported income of $469k and spending of $500k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $322k to $469k (+46%), an average of +9.8% a year. The sharpest change came in the year to December 2021, when income rose by 134%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Act Lawrence Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include Arenac Opportunities Inc ($469k), Nakani Native Program ($469k) and University City Foundation Inc ($469k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.9% of the total. Compensation of current officers, directors and key employees was $90k (18% of expenses). Other salaries and wages came to $172k. At year end it held assets of $621k against liabilities of $239k, net assets of $381k. It reported 9 employees.