Lapeer County Center Inc

Analysis

Lapeer County Center Inc is a registered charity in United States, based in Lapeer, MI. It received its IRS tax-exemption ruling in May 2015, 11 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 December 2023, Lapeer County Center Inc reported income of $114k and spending of $134k, spending 117% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $83k to $114k (+38%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 57%. 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, Lapeer County Center Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within MI. Charities of a similar size with the same main cause include Newtown Florist Club Inc ($114k), Alano Club of Kalispell Inc ($115k) and Junior League of Greater Fort Lauderdale Inc ($114k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 6.0% of the total. At year end it held assets of $89k against liabilities of $35k, net assets of $54k.