Growing Lucasville Opportunities Inc

Analysis

Growing Lucasville Opportunities Inc is a registered charity in United States, based in Lucasville, OH. It received its IRS tax-exemption ruling in September 2020, 6 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, Growing Lucasville Opportunities Inc reported income of $322k and spending of $16k, leaving 95% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $209k to $322k (+54%), an average of +54% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 6.6% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Growing Lucasville Opportunities Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within OH. Charities of a similar size with the same main cause include Citizens for Safe Yakima Valley Communities ($322k), Tucson Values Teachers ($322k) and Frameworks Community Development Corporation Inc ($322k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $584k against liabilities of $0, net assets of $584k.