Orleans County Local Development Corp

Analysis

Orleans County Local Development Corp is a registered charity in United States, based in Albion, NY. It received its IRS tax-exemption ruling in April 1999, 27 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, Orleans County Local Development Corp reported income of $203k and spending of $230k, spending 113% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $26k to $203k (+680%), an average of +179% a year. The sharpest change came in the year to December 2022, when income rose by 259%. Over the whole period it spent 163% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Orleans County Local Development Corp sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Griggs-Steele Empowerment Zone Inc ($203k), Menzfit in Per Suit of Change ($203k) and Benicia Community Foundation ($203k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.4% of the total. At year end it held assets of $127k against liabilities of $506, net assets of $127k.

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.