LCW Support Corporation

Analysis

LCW Support Corporation is a registered charity in United States, based in Lawrence, MA. It received its IRS tax-exemption ruling in September 2020, 6 years ago. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, LCW Support Corporation reported income of $2.7m and spending of $5,123, leaving 100% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $4.1m to $2.7m (-33%), an average of -13% a year. The sharpest change came in the year to December 2022, when income rose by 3696%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, LCW Support Corporation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Georgetown Community Development Authority ($2.7m), Habitat for Humanity of Dutchess County Inc ($2.7m) and Survivor Empowerment Center Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $9.0m against liabilities of $2.5m, net assets of $6.5m.