Downtown Lenoir Development Alliance

Analysis

Downtown Lenoir Development Alliance is a registered charity in United States, based in Lenoir, NC. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, Downtown Lenoir Development Alliance reported income of $87k and spending of $42k, leaving 51% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $85k to $87k (+1.5%), an average of +1.5% a year. Over the whole period it spent 28% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Downtown Lenoir Development Alliance sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within NC. Charities of a similar size with the same main cause include North Shore Academy of the Arts Inc ($87k), Austin Hartel Dance Company ($87k) and Theatre Company of Saugus Inc ($87k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 28% of the total. At year end it held assets of $125k against liabilities of $0, net assets of $125k.