LDM Community Developmentcorporation

Analysis

LDM Community Developmentcorporation is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, LDM Community Developmentcorporation reported income of $944k and spending of $893k, spending 95% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $842k to $944k (+12%), an average of +2.3% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, LDM Community Developmentcorporation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Fern House Inc ($944k), Thrifty Sisters ($944k) and Andromeda Community Initiative Inc ($943k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $308k. At year end it held assets of $224k against liabilities of $0, net assets of $224k. It reported 12 employees.