Lawrence Partnership

Analysis

Lawrence Partnership is a registered charity in United States, based in Lawrence, MA. It received its IRS tax-exemption ruling in August 2015, 11 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 June 2023, Lawrence Partnership reported income of $973k and spending of $913k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $979k to $973k (-0.6%), an average of -0.1% a year. The sharpest change came in the year to June 2020, when income rose by 220%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lawrence Partnership sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include Everett Rotary Youth Foundation ($972k), Nxtus Inc ($973k) and Center for Community Service Fund ($971k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $180k (20% of expenses). Other salaries and wages came to $127k. At year end it held assets of $834k against liabilities of $154k, net assets of $680k.