Lewis County Development Corp

Analysis

Lewis County Development Corp is a registered charity in United States, based in Lowville, NY. It received its IRS tax-exemption ruling in September 2006, 20 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, Lewis County Development Corp reported income of $701k and spending of $226k, leaving 68% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $32k to $701k (+2081%), an average of +116% a year. The sharpest change came in the year to December 2023, when income rose by 360%. Over the whole period it spent 46% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lewis County Development Corp sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Community Information Now ($700k), Justice at Work ($701k) and Fayette Progressive Industries Inc ($700k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $1.7m against liabilities of $1.1m, net assets of $586k.