Lawrence County Economic Growth Council Inc

Analysis

Lawrence County Economic Growth Council Inc is a registered charity in United States, based in Bedford, IN. It received its IRS tax-exemption ruling in September 1997, 29 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 2023, Lawrence County Economic Growth Council Inc reported income of $471k and spending of $492k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $498k to $471k (-5.5%), an average of -1.4% a year. The sharpest change came in the year to December 2020, when income rose by 56%. Over the whole period it spent 116% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lawrence County Economic Growth Council Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IN. Charities of a similar size with the same main cause include Sports Biz Cares Ltd ($471k), Hempstead Hispanic Civic Association Inc ($471k) and Uptown Whittier Improvement Association ($471k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 51% of the total. Other salaries and wages came to $239k. At year end it held assets of $458k against liabilities of $4,398, net assets of $453k. It reported 4 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.