Leipsic Community Center

Analysis

Leipsic Community Center is a registered charity in United States, based in Leipsic, OH. It received its IRS tax-exemption ruling in May 2016, 10 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, Leipsic Community Center reported income of $426k and spending of $727k, spending 171% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $426k (-63%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 54%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Leipsic Community Center sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within OH. Charities of a similar size with the same main cause include Forward Progression Development Inc ($426k), Black Dollar Days Task Force ($426k) and Natural High ($425k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $63k (8.6% of expenses). Other salaries and wages came to $181k. At year end it held assets of $5.1m against liabilities of $27k, net assets of $5.1m. It reported 12 employees.