Lake Worth West Resident Planning Group Inc

Analysis

Lake Worth West Resident Planning Group Inc is a registered charity in United States, based in Lake Worth, FL. It received its IRS tax-exemption ruling in November 1999, 27 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 September 2023, Lake Worth West Resident Planning Group Inc reported income of $1.7m and spending of $1.6m, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.3m to $1.7m (+31%), an average of +7.1% a year. The sharpest change came in the year to September 2023, when income rose by 26%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lake Worth West Resident Planning Group Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Boost Collaborative ($1.7m), Portal Inc ($1.7m) and Compassion Center of Nwa Inc ($1.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $106k (6.8% of expenses). Other salaries and wages came to $690k. At year end it held assets of $586k against liabilities of $172k, net assets of $414k. It reported 14 employees.