Lumbee Land Development Inc

Analysis

Lumbee Land Development Inc is a registered charity in United States, based in Pembroke, NC. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Lumbee Land Development Inc reported income of $50.5m and spending of $56.4m, spending 112% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $21.6m to $50.5m (+134%), an average of +24% a year. The sharpest change came in the year to September 2020, when income rose by 43%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lumbee Land Development Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Texas Pregnancy Care Network ($50.5m), Rethink Food NYC Inc ($50.5m) and Covenant Retirement Communities Inc ($50.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 85% and program service revenue 5.7% of the total. Other salaries and wages came to $8.7m. At year end it held assets of $98.1m against liabilities of $16.0m, net assets of $82.1m. It reported 203 employees.