Lower Shore Enterprises Inc

Analysis

Lower Shore Enterprises Inc is a registered charity in United States, based in Salisbury, MD. It received its IRS tax-exemption ruling in September 1968, 58 years ago. Its declared purposes cover employment, 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 2024, Lower Shore Enterprises Inc reported income of $3.6m and spending of $2.7m, leaving 26% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.5m to $3.6m (+1.8%), an average of +0.4% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lower Shore Enterprises Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MD. Charities of a similar size with the same main cause include Rise Ltd ($3.6m), Employment Resources Inc ($3.6m) and Womens Bean Project ($3.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 61% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $169k (6.3% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $7.6m against liabilities of $277k, net assets of $7.3m. It reported 83 employees.