Logosworks Properties

Analysis

Logosworks Properties is a registered charity in United States, based in York, PA. It received its IRS tax-exemption ruling in February 2022, 4 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 June 2023, Logosworks Properties reported income of $366k and spending of $435k, spending 119% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $1.8m to $366k (-79%), an average of -79% a year. The sharpest change came in the year to June 2023, when income dropped by 79%. Over the whole period it spent 24% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Logosworks Properties sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within PA. Charities of a similar size with the same main cause include Gibson County Economic Developmentcorporation ($366k), Bacon Bash Texas ($366k) and Michigan Retailers Foundation ($366k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $10.3m against liabilities of $8.7m, net assets of $1.6m.