Heart of Lebanon Inc

Analysis

Heart of Lebanon Inc is a registered charity in United States, based in Lebanon, IN. It received its IRS tax-exemption ruling in June 2016, 10 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, Heart of Lebanon Inc reported income of $228k and spending of $136k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $121k to $228k (+89%), an average of +89% a year. The sharpest change came in the year to December 2023, when income rose by 89%. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Heart of Lebanon Inc 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 56th percentile within IN. Charities of a similar size with the same main cause include Do School ($228k), Economic Collaborative of Northern Arizona Inc ($228k) and Mille Lacs Trails Inc ($228k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.6% of the total. Other salaries and wages came to $59k. At year end it held assets of $155k against liabilities of $4,598, net assets of $150k. It reported 1 employees.