Lean Product and Process Development Exchange Inc

Analysis

Lean Product and Process Development Exchange Inc is a registered charity in United States, based in Elmwood Park, IL. It received its IRS tax-exemption ruling in March 2024, 2 years ago. Its declared purposes cover education, which this site groups under education and training. 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 October 2023, Lean Product and Process Development Exchange Inc reported income of $85k and spending of $81k, spending 96% of its income. Across the 4 years on record, from October 2019 to October 2023, income grew from $84k to $85k (+1.1%), an average of +0.4% a year. The sharpest change came in the year to October 2020, when income dropped by 100%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lean Product and Process Development Exchange Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within IL. Charities of a similar size with the same main cause include Pickens Band Parent Association ($85k), Inspiring Girls USA Inc ($85k) and Elm School PTO ($85k).

On its Form 990-EZ for the period ending October 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $67k against liabilities of $0, net assets of $67k.