Historic Lebanon Tomorrow Inc

Analysis

Historic Lebanon Tomorrow Inc is a registered charity in United States, based in Lebanon, TN. It received its IRS tax-exemption ruling in August 2008, 18 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, Historic Lebanon Tomorrow Inc reported income of $84k and spending of $101k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $120k to $84k (-30%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Historic Lebanon Tomorrow Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within TN. Charities of a similar size with the same main cause include Mercer Island Community Fund ($84k), Rotary Club of Downtown Wilmington Foundation ($84k) and Altavista Community Development Committee Corp ($84k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.