Lakewood Economic Action Program Inc

Analysis

Lakewood Economic Action Program Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in August 1992, 34 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lakewood Economic Action Program Inc reported income of $103k and spending of $97k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.0m to $103k (-97%), an average of -57% a year. The sharpest change came in the year to December 2023, when income dropped by 94%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lakewood Economic Action Program Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 45th percentile within NJ. Charities of a similar size with the same main cause include Minnesota Public Health Association Inc ($103k), Vulnerable Adult Care Advocates Inc ($103k) and Long Valley Raiders Football Assoc ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $203k against liabilities of $0, net assets of $203k.