Lower Rio Grande Valley Development Council Corporation Inc

Analysis

Lower Rio Grande Valley Development Council Corporation Inc is a registered charity in United States, based in Weslaco, TX. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lower Rio Grande Valley Development Council Corporation Inc reported income of $58k and spending of $2,078, leaving 96% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $500 to $58k (+11553%), an average of +11553% a year. The sharpest change came in the year to December 2023, when income rose by 11553%. Over the whole period it spent 8.1% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lower Rio Grande Valley Development Council Corporation Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within TX. Charities of a similar size with the same main cause include Tin Cup Fund ($58k), One Hundred Club of Comal County Inc ($58k) and Urban Bridges Inc ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $61k against liabilities of $0, net assets of $61k.