Lancaster Dollars for Higher Learning

Analysis

Lancaster Dollars for Higher Learning is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in May 1962, 64 years ago. 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 September 2023, Lancaster Dollars for Higher Learning reported income of $341k and spending of $324k, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $260k to $341k (+31%), an average of +7.1% a year. The sharpest change came in the year to September 2021, when income rose by 22%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lancaster Dollars for Higher Learning sits at the 62nd percentile: it is larger than about 62% 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 Sarasota Audubon Society Inc ($341k), Southern California Amateur Hockey Assoc ($341k) and United State Bowling Congress Inc ($341k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 43% and program service revenue 36% of the total. Other salaries and wages came to $58k. At year end it held assets of $6.0m against liabilities of $23k, net assets of $6.0m. It reported 2 employees.