Laramie Plains Civic Center Inc

Analysis

Laramie Plains Civic Center Inc is a registered charity in United States, based in Laramie, WY. It received its IRS tax-exemption ruling in December 2018, 8 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 June 2023, Laramie Plains Civic Center Inc reported income of $712k and spending of $801k, spending 113% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $467k to $712k (+52%), an average of +23% a year. The sharpest change came in the year to June 2023, when income rose by 45%. Over the whole period it spent 112% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Laramie Plains Civic Center Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within WY. Charities of a similar size with the same main cause include Clay County Economic Development Corporation ($711k), United Way of Southwest Missouri and Southeast Kansas Inc ($713k) and Charlottesville Biohub ($711k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $42k (5.2% of expenses). Other salaries and wages came to $141k. At year end it held assets of $1.6m against liabilities of $474k, net assets of $1.1m. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.