Lynchburg Community Action Group Inc

Analysis

Lynchburg Community Action Group Inc is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in July 1967, 59 years ago. 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, Lynchburg Community Action Group Inc reported income of $4.4m and spending of $4.3m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.1m to $4.4m (-28%), an average of -7.8% a year. The sharpest change came in the year to December 2022, when income dropped by 27%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lynchburg Community Action Group Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within VA. Charities of a similar size with the same main cause include Sarasota Performing Arts Center Foundation Inc ($4.4m), National Association of Esea State Program Administrators ($4.4m) and Destination Imagination Inc ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.8% of the total. Other salaries and wages came to $2.1m. At year end it held assets of $1.3m against liabilities of $313k, net assets of $1.0m. It reported 87 employees.