Lansdowne Economic Development Corporation

Analysis

Lansdowne Economic Development Corporation is a registered charity in United States, based in Lansdowne, PA. It received its IRS tax-exemption ruling in November 2004, 22 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, Lansdowne Economic Development Corporation reported income of $340k and spending of $354k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $226k to $340k (+50%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lansdowne Economic Development Corporation 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 64th percentile, and in the 62nd percentile within PA. Charities of a similar size with the same main cause include Partners for Performance Inc ($340k), Wuerffel Foundation Inc ($340k) and Mid-Michigan Health Consortium LLC ($339k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Other salaries and wages came to $145k. At year end it held assets of $342k against liabilities of $201k, net assets of $141k. It reported 3 employees.