Lansing Old Newsboys Association

Analysis

Lansing Old Newsboys Association is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in August 1974, 52 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 August 2023, Lansing Old Newsboys Association reported income of $225k and spending of $371k, spending 165% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $210k to $225k (+7.2%), an average of +1.8% a year. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lansing Old Newsboys Association sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within MI. Charities of a similar size with the same main cause include Grinding Stone Collective Inc ($225k), Chittenden County Senior Citizens Alliance Inc ($225k) and Wall of Honor Inc ($224k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $10k (2.7% of expenses). At year end it held assets of $309k against liabilities of $0, net assets of $309k.