Lageho Community Development Network Inc

Analysis

Lageho Community Development Network Inc is a registered charity in United States, based in Laud Lakes, FL. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lageho Community Development Network Inc reported income of $1.1m and spending of $1.1m, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $879k to $1.1m (+25%), an average of +7.6% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lageho Community Development Network Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Coastal District Council of the St Vincent de Paul Society Diocese of ($1.1m), Mended Reeds Inc ($1.1m) and Young Mens Christian Association ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $10k (0.9% of expenses). Other salaries and wages came to $16k. At year end it held assets of $132k against liabilities of $191k, net assets of -$59k. It reported 1 employees.