National Lieutenant Governors Association Inc

Analysis

National Lieutenant Governors Association Inc is a registered charity in United States, based in Covington, KY. It received its IRS tax-exemption ruling in October 2013, 13 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, National Lieutenant Governors Association Inc reported income of $1.1m and spending of $514k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $737k to $1.1m (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Lieutenant Governors Association Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within KY. Charities of a similar size with the same main cause include Tash Inc ($1.1m), Sunrise Childrens Services Inc ($1.1m) and Larchmont Manor Park Society ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $111k (22% of expenses). Other salaries and wages came to $124k. At year end it held assets of $3.4m against liabilities of $0, net assets of $3.4m. It reported 3 employees.