Living Development Concepts Inc

Analysis

Living Development Concepts Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover employment, 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 December 2023, Living Development Concepts Inc reported income of $1.3m and spending of $781k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $212k to $1.3m (+502%), an average of +57% a year. The sharpest change came in the year to December 2022, when income rose by 200%. Over the whole period it spent 59% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Living Development Concepts Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within TN. Charities of a similar size with the same main cause include Bergmann Center Incorporated ($1.3m), Hampton Roads Workforce Foundation ($1.3m) and Spectrum Works Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $45k. At year end it held assets of $1.8m against liabilities of $1,660, net assets of $1.8m. It reported 3 employees.