Lidgerwood Progressive Development Corp

Analysis

Lidgerwood Progressive Development Corp is a registered charity in United States, based in Lidgerwood, ND. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2024, Lidgerwood Progressive Development Corp reported income of $334k and spending of $352k, spending 105% of what it took in. Across the 4 years on record, from June 2021 to June 2024, income fell from $698k to $334k (-52%), an average of -22% a year. The sharpest change came in the year to June 2022, when income dropped by 36%. Over the whole period it spent 59% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lidgerwood Progressive Development Corp sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 59th percentile within ND. Charities of a similar size with the same main cause include Boys & Girls Club of Kenosha Foundation Inc ($334k), Philadelphia Mummers Brigade Assoc ($334k) and Refuah V Simcha Inc ($334k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 17% of the total. Other salaries and wages came to $181k. At year end it held assets of $1.2m against liabilities of $180k, net assets of $1.0m. It reported 24 employees.