Lakewood Neighborhood Alliance Inc

Analysis

Lakewood Neighborhood Alliance Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in December 2016, 10 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Lakewood Neighborhood Alliance Inc reported income of $961k and spending of $746k, leaving 22% of income unspent that year. Across the 3 years on record, from August 2021 to August 2023, income grew from $424k to $961k (+127%), an average of +51% a year. The sharpest change came in the year to August 2023, when income rose by 100%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lakewood Neighborhood Alliance Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include Northwest California Resource Conservation & Development Council ($960k), Heartisans Marketplace ($961k) and Bcap Build America Association Corp ($960k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $432k against liabilities of $0, net assets of $432k.