Lime Connect Inc

Analysis

Lime Connect Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2007, 19 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, Lime Connect Inc reported income of $1.5m and spending of $1.7m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.5m (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lime Connect Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Star C Corporation ($1.5m), The-Philadelphia Poverty Action Fund ($1.5m) and Martin Luther King Sr Community Resources Collaborative ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $124k (7.3% of expenses). Other salaries and wages came to $257k. At year end it held assets of $900k against liabilities of $42k, net assets of $859k. It reported 7 employees.