Laguna Vista Community Development Corporation

Analysis

Laguna Vista Community Development Corporation is a registered charity in United States, based in Laguna Vista, TX. It received its IRS tax-exemption ruling in April 2000, 26 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Laguna Vista Community Development Corporation reported income of $125k and spending of $128k, spending 102% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $116k to $125k (+7.4%), an average of +7.4% a year. Over the whole period it spent 65% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Laguna Vista Community Development Corporation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within TX. Charities of a similar size with the same main cause include Main Street Washington Inc ($125k), International Womens Entreprenurial Challenge Foundation Inc ($125k) and Brush Creek Enterprise Center Inc ($125k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $312k against liabilities of $0, net assets of $312k.