Seda Cog Local Development Corp

Analysis

Seda Cog Local Development Corp is a registered charity in United States, based in Lewisburg, PA. It received its IRS tax-exemption ruling in May 1985, 41 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 September 2023, Seda Cog Local Development Corp reported income of $321k and spending of $278k, spending 87% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $360k to $321k (-11%), an average of -2.9% a year. The sharpest change came in the year to September 2022, when income dropped by 16%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Seda Cog Local Development Corp sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within PA. Charities of a similar size with the same main cause include Darwin R Barker Library ($321k), Daves Avenue Home and School Club ($321k) and Solid Ground School ($321k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $335k against liabilities of $80k, net assets of $255k.