Lewistown Area Community Development Corporation

Analysis

Lewistown Area Community Development Corporation is a registered charity in United States, based in Lewistown, IL. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Lewistown Area Community Development Corporation reported income of $1.1m and spending of $925k, spending 83% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $953k to $1.1m (+17%), an average of +5.5% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lewistown Area Community Development Corporation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Sarasota Housing Funding Corporation ($1.1m), E Reyes Apartments Housing Development Fund Corporation ($1.1m) and Habitat for Humanity International Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 36% of the total. Other salaries and wages came to $117k. At year end it held assets of $2.1m against liabilities of $2.7m, net assets of -$677k. It reported 5 employees.