Lancaster Redevelopment Fund

Analysis

Lancaster Redevelopment Fund is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in January 2017, 9 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, Lancaster Redevelopment Fund reported income of $151k and spending of $125k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $96k to $151k (+58%), an average of +58% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 55% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lancaster Redevelopment Fund sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within PA. Charities of a similar size with the same main cause include Palmetto Childrens Charity Inc ($151k), Office Group ($151k) and Forward Brunswick Inc ($151k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $268k against liabilities of $16k, net assets of $252k.