Lumbee Regional Developement Association Inc

Analysis

Lumbee Regional Developement Association Inc is a registered charity in United States, based in Pembroke, NC. It received its IRS tax-exemption ruling in March 1972, 54 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Lumbee Regional Developement Association Inc reported income of $1.9m and spending of $2.1m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.0m to $1.9m (-52%), an average of -17% a year. The sharpest change came in the year to June 2022, when income dropped by 48%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lumbee Regional Developement Association Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Frank P Phillips Memorial YMCA ($1.9m), Newark Day Nursery Assoc Inc ($1.9m) and Southern California Counseling Center ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 27% of the total. Other salaries and wages came to $816k. At year end it held assets of $4.1m against liabilities of $853k, net assets of $3.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.