Lift Bridge Community Association

Analysis

Lift Bridge Community Association is a registered charity in United States, based in Ashtabula, OH. It received its IRS tax-exemption ruling in November 2014, 12 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 December 2023, Lift Bridge Community Association reported income of $70k and spending of $31k, leaving 56% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $39k to $70k (+82%), an average of +82% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 73% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lift Bridge Community Association sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 28th percentile within OH. Charities of a similar size with the same main cause include Southern Iowa Development Group Inc ($70k), Sunrise Rotary Club of Yakima Charities ($70k) and Economic Alliance Foundation Inc ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 13% of the total. At year end it held assets of $153k against liabilities of $26k, net assets of $127k.