Lorain County Community Action Agency Inc

Analysis

Lorain County Community Action Agency Inc is a registered charity in United States, based in Lorain, OH. It received its IRS tax-exemption ruling in December 1966, 60 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 July 2023, Lorain County Community Action Agency Inc reported income of $14.9m and spending of $14.9m, spending 100% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $12.2m to $14.9m (+22%), an average of +5.2% a year. The sharpest change came in the year to July 2021, when income rose by 34%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lorain County Community Action Agency Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include South Shore Stars Inc ($14.9m), Community Action Wayne Medina ($14.9m) and New York Womens Foundation ($14.9m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $321k (2.2% of expenses). Other salaries and wages came to $5.7m. At year end it held assets of $6.5m against liabilities of $6.0m, net assets of $461k. It reported 212 employees.