LCMRC Holdings

Analysis

LCMRC Holdings is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, LCMRC Holdings reported income of $1.6m and spending of $14k, leaving 99% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.4m to $1.6m (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 0.5% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, LCMRC Holdings sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Women S Forum of New York Inc ($1.6m), Downtown Dayton Special Improvement District Inc ($1.6m) and Federal Alliance for Safe Homes -Flash Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $3.4m against liabilities of $265k, net assets of $3.1m.