Lawndale Business Renaissance Association

Analysis

Lawndale Business Renaissance Association is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2014, 12 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, Lawndale Business Renaissance Association reported income of $228k and spending of $214k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $179k to $228k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lawndale Business Renaissance Association sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within IL. Charities of a similar size with the same main cause include Lumber City Local Development ($228k), McDowell Economic Development Association Inc ($228k) and The Union of Jamaican Alumni Association USA Inc ($228k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $163k (76% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0.