St Lawrence County Indust Develop Agency Local Develop Corporation

Analysis

St Lawrence County Indust Develop Agency Local Develop Corporation is a registered charity in United States, based in Canton, NY. It received its IRS tax-exemption ruling in April 1987, 39 years ago. 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, St Lawrence County Indust Develop Agency Local Develop Corporation reported income of $373k and spending of $309k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $267k to $373k (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2021, when income rose by 167%. Over the whole period it spent 171% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Lawrence County Indust Develop Agency Local Develop Corporation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include United Seniors Inc ($373k), Youth for Christ USA Inc ($373k) and Arc-Newaygo County ($373k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.1% and program service revenue 55% of the total. Other salaries and wages came to $76k. At year end it held assets of $15.8m against liabilities of $28k, net assets of $15.7m. It reported 7 employees.