Lean Construction Institute Inc

Analysis

Lean Construction Institute Inc is a registered charity in United States, based in Belmont, MA. It received its IRS tax-exemption ruling in February 2001, 25 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lean Construction Institute Inc reported income of $4.5m and spending of $4.2m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.4m to $4.5m (+0.6%), an average of +0.2% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lean Construction Institute Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Coastal Counties Workforce Inc ($4.5m), Certified Financial Planner Board of Standards Inc ($4.5m) and Southwestern West Virginia Region 2 Workforce Development Board Incorp ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.7% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $734k (18% of expenses). Other salaries and wages came to $505k. At year end it held assets of $5.8m against liabilities of $917k, net assets of $4.9m. It reported 8 employees.