Lawrenceville-Vincennes Airport Development Foundation Inc

Analysis

Lawrenceville-Vincennes Airport Development Foundation Inc is a registered charity in United States, based in Lawrenceville, IL. It received its IRS tax-exemption ruling in August 2004, 22 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 December 2023, Lawrenceville-Vincennes Airport Development Foundation Inc reported income of $55k and spending of $35, leaving 100% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $54k to $55k (+3.4%), an average of +0.9% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 0.1% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lawrenceville-Vincennes Airport Development Foundation Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within IL. Charities of a similar size with the same main cause include The Junior League of Charlottesville Inc ($55k), Robert J Min MD ($55k) and Dorchester Improvement Association Inc ($55k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.