Lone Pine Economic Development Corporation

Analysis

Lone Pine Economic Development Corporation is a registered charity in United States, based in Lone Pine, CA. It received its IRS tax-exemption ruling in December 1981, 45 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Lone Pine Economic Development Corporation reported income of $305k and spending of $314k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $265k to $305k (+15%), an average of +3.5% a year. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lone Pine Economic Development Corporation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Robbins Way Senior Housing ($305k), Petra Community Housing ($305k) and Somerset Court Apartments Inc ($304k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $27k. At year end it held assets of $453k against liabilities of $1.6m, net assets of -$1.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.