Lenoir Service League Incorporated

Analysis

Lenoir Service League Incorporated is a registered charity in United States, based in Lenoir, NC. It received its IRS tax-exemption ruling in September 1973, 53 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Lenoir Service League Incorporated reported income of $109k and spending of $106k, spending 97% of its income. Across the 2 years on record, from May 2023 to May 2024, income grew from $105k to $109k (+4.1%), an average of +4.1% a year. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lenoir Service League Incorporated 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 39th percentile, and in the 37th percentile within NC. Charities of a similar size with the same main cause include Kiwanis Club of Tulare Foundation ($109k), Urban Resources Development Corporation ($109k) and Local Initiative for Transformation - WC Inc ($109k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 98% of the total. At year end it held assets of $83k against liabilities of $3,266, net assets of $80k.