Ladies Village Improvement Society of East Hampton Long Island Inc

Analysis

Ladies Village Improvement Society of East Hampton Long Island Inc is a registered charity in United States, based in East Hampton, NY. It received its IRS tax-exemption ruling in September 1949, 77 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ladies Village Improvement Society of East Hampton Long Island Inc reported income of $1.6m and spending of $1.6m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.6m (+5.7%), an average of +1.4% a year. The sharpest change came in the year to December 2021, when income rose by 76%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ladies Village Improvement Society of East Hampton Long Island Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Universal Community Homes ($1.6m), Lemmon Foundation Inc ($1.6m) and Ohio City Incorporated ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $91k (5.8% of expenses). Other salaries and wages came to $403k. At year end it held assets of $8.5m against liabilities of $69k, net assets of $8.4m. It reported 20 employees.