Lehigh Valley Inter-Regional Networking & Connecting

Analysis

Lehigh Valley Inter-Regional Networking & Connecting is a registered charity in United States, based in Bethlehem, PA. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lehigh Valley Inter-Regional Networking & Connecting reported income of $589k and spending of $572k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $227k to $589k (+159%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lehigh Valley Inter-Regional Networking & Connecting sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within PA. Charities of a similar size with the same main cause include The 3rd Inc ($589k), Cayuga Economic Development Agency Inc ($589k) and Building Strong Communities Inc ($589k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $101k (18% of expenses). Other salaries and wages came to $277k. At year end it held assets of $226k against liabilities of $72k, net assets of $153k. It reported 8 employees.