Lenoir County Development Alliance Inc

Analysis

Lenoir County Development Alliance Inc is a registered charity in United States, based in Kinston, NC. It received its IRS tax-exemption ruling in February 1986, 40 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 August 2023, Lenoir County Development Alliance Inc reported income of $53k and spending of $29k, leaving 45% of income unspent that year. Across the 4 years on record, from August 2020 to August 2023, income fell from $78k to $53k (-32%), an average of -12% a year. The sharpest change came in the year to August 2023, when income dropped by 22%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lenoir County Development Alliance Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within NC. Charities of a similar size with the same main cause include Wit Whatever It Takes Coalition ($53k), Transportation Club of Jacksonville Inc ($53k) and Main Street Lawrenceburg Inc ($53k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 91% of the total. Other salaries and wages came to $16k. At year end it held assets of $453k against liabilities of $258, net assets of $453k. It reported 1 employees.