Downtown Lock Haven Inc

Analysis

Downtown Lock Haven Inc is a registered charity in United States, based in Lock Haven, PA. It received its IRS tax-exemption ruling in May 2005, 21 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Downtown Lock Haven Inc reported income of $53k and spending of $63k, spending 117% of what it took in. Across the 2 years on record, from December 2019 to December 2022, income fell from $68k to $53k (-21%), an average of -21% a year. The sharpest change came in the year to December 2022, when income dropped by 21%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Lock Haven Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within PA. Charities of a similar size with the same main cause include Diamond State Sustainability Corporation ($53k), Solutions Utah a Non-Profit Corporation ($53k) and Florissant Rotary Club Foundation ($53k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 108% of the total. At year end it held assets of $56k against liabilities of $20k, net assets of $36k.