Lawrence County Economic Development Foundation

Analysis

Lawrence County Economic Development Foundation is a registered charity in United States, based in Lawrenceburg, TN. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lawrence County Economic Development Foundation reported income of $77k and spending of $48k, leaving 37% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $25k to $77k (+204%), an average of +25% a year. The sharpest change came in the year to December 2019, when income rose by 263%. Over the whole period it spent 72% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lawrence County Economic Development Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 29th percentile within TN. Charities of a similar size with the same main cause include Pennsylvania State Association of County Fairs ($77k), Lucas Magazine Community Foundation Inc ($77k) and Lou-Von Family Foundation ($77k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $227k against liabilities of $0, net assets of $227k.