Lubec Community Outreach Center Inc

Analysis

Lubec Community Outreach Center Inc is a registered charity in United States, based in Lubec, ME. It received its IRS tax-exemption ruling in October 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, Lubec Community Outreach Center Inc reported income of $283k and spending of $272k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $153k to $283k (+85%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lubec Community Outreach Center Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 55th percentile within ME. Charities of a similar size with the same main cause include Fort Worth Promotion and Development Fund ($283k), Berista Inc ($283k) and Springfield Avenue Partnership a New Jersey Non-Profit Corporation ($283k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $56k (21% of expenses). Other salaries and wages came to $81k. At year end it held assets of $226k against liabilities of $283, net assets of $226k. It reported 20 employees.