Local Government Corporation

Analysis

Local Government Corporation is a registered charity in United States, based in Columbia, TN. It received its IRS tax-exemption ruling in February 1978, 48 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Local Government Corporation reported income of $20.5m and spending of $21.2m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.9m to $20.5m (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2021, when income rose by 29%. 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, Local Government Corporation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include Day Care Resources Inc ($20.4m), Aspirus at Home Inc ($20.5m) and Nysarc Inc ($20.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $686k (3.2% of expenses). Other salaries and wages came to $12.0m. At year end it held assets of $9.9m against liabilities of $3.5m, net assets of $6.4m. It reported 161 employees.