Lindenpointe Development Corporation

Analysis

Lindenpointe Development Corporation is a registered charity in United States, based in Hermitage, PA. It received its IRS tax-exemption ruling in February 2012, 14 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, Lindenpointe Development Corporation reported income of $384k and spending of $465k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $293k to $384k (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2022, when income rose by 119%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lindenpointe Development Corporation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within PA. Charities of a similar size with the same main cause include Society for Healthcare Epidemlology America Education & Research Fonda ($383k), Shared Enterprise Management Inc ($384k) and Uptown Partners of Pittsburgh ($383k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $92k (20% of expenses). Other salaries and wages came to $96k. At year end it held assets of $500k against liabilities of $105k, net assets of $395k. It reported 4 employees.