Lima Crossroads Council Inc

Analysis

Lima Crossroads Council Inc is a registered charity in United States, based in Lima, NY. It received its IRS tax-exemption ruling in May 2023, 3 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, Lima Crossroads Council Inc reported income of $87k and spending of $55k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $87k (+46%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 67% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lima Crossroads Council Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within NY. Charities of a similar size with the same main cause include Bunny Friend Neighborhoodassociation Inc ($87k), Eky Heritage Foundation Inc ($87k) and Moross Greenway Project ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 45% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.