Lahser Community Connections Inc

Analysis

Lahser Community Connections Inc is a registered charity in United States, based in Bloomfld HLS, MI. It received its IRS tax-exemption ruling in March 1990, 36 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Lahser Community Connections Inc reported income of $2.7m and spending of $2.7m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.8m to $2.7m (+51%), an average of +11% a year. The sharpest change came in the year to September 2022, when income rose by 53%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lahser Community Connections Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include Boston Collegiate Charter School Foundation Inc ($2.7m), Starbase Minnesota Inc ($2.7m) and El Grito Inc ($2.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $450 (0.0% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $2.0m against liabilities of $1.4m, net assets of $631k. It reported 50 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.