Labor Education and Community Services Agency Inc

Analysis

Labor Education and Community Services Agency Inc is a registered charity in United States, based in Hauppauge, NY. It received its IRS tax-exemption ruling in November 1976, 50 years ago. Its declared purposes cover employment, 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, Labor Education and Community Services Agency Inc reported income of $906k and spending of $730k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $699k to $906k (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Labor Education and Community Services Agency Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Selfhelp Foundation ($905k), Spinal Cord Living Assistance Development Inc Sclad ($907k) and Sierra Curtis Neighborhood Assn ($904k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Other salaries and wages came to $278k. At year end it held assets of $921k against liabilities of $81k, net assets of $841k. It reported 3 employees.