Greater Lockport Development Corporation

Analysis

Greater Lockport Development Corporation is a registered charity in United States, based in Lockport, NY. It received its IRS tax-exemption ruling in August 1983, 43 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, Greater Lockport Development Corporation reported income of $1.7m and spending of $2.1m, spending 120% of what it took in. The sharpest change came in the year to December 2022, when income rose by 286%. Over the whole period it spent 126% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Lockport Development Corporation 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 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Job Training Center of Tehama ($1.7m), Urban Juncture Foundation ($1.7m) and Life Start ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $116k. At year end it held assets of $4.8m against liabilities of $3.1m, net assets of $1.7m. It reported 9 employees.