Greater Lima Region Inc

Analysis

Greater Lima Region Inc is a registered charity in United States, based in Lima, OH. It received its IRS tax-exemption ruling in May 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, Greater Lima Region Inc reported income of $613k and spending of $548k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $777k to $613k (-21%), an average of -5.8% a year. The sharpest change came in the year to December 2022, when income dropped by 31%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Lima Region Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within OH. Charities of a similar size with the same main cause include Real Estate Executive Council Foundation ($612k), Hudson Valley Current Inc ($613k) and Safety Council of Southwestern Ohio ($612k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $138k (25% of expenses). Other salaries and wages came to $52k. At year end it held assets of $1.6m against liabilities of $12k, net assets of $1.5m. It reported 2 employees.