Lithuanian Center Inc

Analysis

Lithuanian Center Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2014, 12 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 2024, Lithuanian Center Inc reported income of $213k and spending of $235k, spending 111% of what it took in. Across the 4 years on record, from June 2021 to June 2024, income grew from $112k to $213k (+90%), an average of +24% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lithuanian Center Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within IL. Charities of a similar size with the same main cause include Sheridan Service Center Inc ($212k), May Coalition Inc ($213k) and Community Builders Ltd ($212k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 47% and program service revenue 18% of the total. At year end it held assets of $522k against liabilities of $156k, net assets of $366k.