Lake County Community Development Corporation

Analysis

Lake County Community Development Corporation is a registered charity in United States, based in Ronan, MT. It received its IRS tax-exemption ruling in July 1995, 31 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 June 2024, Lake County Community Development Corporation reported income of $2.4m and spending of $2.1m, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.3m to $2.4m (+83%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 70%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lake County Community Development Corporation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within MT. Charities of a similar size with the same main cause include Thumb Industries Inc ($2.4m), Aeris Insight Inc ($2.4m) and Iowa Operating Engineers Joint Apprenticeship and Training Fund ($2.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 75% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $78k (3.7% of expenses). Other salaries and wages came to $668k. At year end it held assets of $9.1m against liabilities of $5.0m, net assets of $4.1m. It reported 26 employees.