Lancasters Economic Action for Downtowns Success

Analysis

Lancasters Economic Action for Downtowns Success is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Lancasters Economic Action for Downtowns Success reported income of $51k and spending of $46k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $64k to $51k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lancasters Economic Action for Downtowns Success sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within PA. Charities of a similar size with the same main cause include Plano Housing Corporation ($51k), Northwest Affordable Housing Inc ($52k) and Dante House Inc ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $39k against liabilities of $0, net assets of $39k.