City of Laporte Urban Enterprise Zone Inc

Analysis

City of Laporte Urban Enterprise Zone Inc is a registered charity in United States, based in Laporte, IN. It received its IRS tax-exemption ruling in January 2003, 23 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, City of Laporte Urban Enterprise Zone Inc reported income of $1.7m and spending of $958k, leaving 42% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $721k to $1.7m (+130%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 65%. Over the whole period it spent 70% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, City of Laporte Urban Enterprise Zone Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within IN. Charities of a similar size with the same main cause include Cil Community Resources Incorporated ($1.7m), Congress of Communities ($1.7m) and Asae Research Foundation ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $2.6m against liabilities of $10k, net assets of $2.6m.