Lions Services Inc

Analysis

Lions Services Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 1976, 50 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, Lions Services Inc reported income of $16.5m and spending of $18.4m, spending 112% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $21.2m to $16.5m (-22%), an average of -8.1% a year. The sharpest change came in the year to June 2022, when income dropped by 31%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lions Services Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Invest Newark ($16.5m), Mid-Iowa Community Action -Mica- Incorporated ($16.5m) and Careersource Florida Inc ($16.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $139k (0.8% of expenses). Other salaries and wages came to $7.9m. At year end it held assets of $6.5m against liabilities of $3.2m, net assets of $3.4m. It reported 304 employees.