Dunkirk Local Development Corporation

Analysis

Dunkirk Local Development Corporation is a registered charity in United States, based in Dunkirk, NY. It received its IRS tax-exemption ruling in June 2017, 9 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 2021, Dunkirk Local Development Corporation reported income of $102k and spending of $95k, spending 93% of its income. Across the 3 years on record, from December 2019 to December 2021, income fell from $457k to $102k (-78%), an average of -53% a year. The sharpest change came in the year to December 2021, when income rose by 232%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Dunkirk Local Development Corporation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include Junior League of Boise Idaho ($102k), Community Betterment Organization ($102k) and M2squared Associates II Inc ($102k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 88% and program service revenue 11% of the total. At year end it held assets of $241k against liabilities of $511, net assets of $241k.