Lagrange County Economic Development Corporation

Analysis

Lagrange County Economic Development Corporation is a registered charity in United States, based in Lagrange, IN. It received its IRS tax-exemption ruling in August 2009, 17 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 December 2023, Lagrange County Economic Development Corporation reported income of $222k and spending of $235k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $264k to $222k (-16%), an average of -4.3% a year. The sharpest change came in the year to December 2021, when income rose by 180%. Over the whole period it spent 114% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lagrange County Economic Development Corporation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within IN. Charities of a similar size with the same main cause include Nikwasi Initiative ($222k), Venture Noire Inc ($222k) and 21st Century School Fund Inc ($222k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 64% of the total. Other salaries and wages came to $152k. At year end it held assets of $960k against liabilities of $1,783, net assets of $959k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.