LOCAL INITIATIVES SUPPORT CORPORATION
28 LIBERTY ST 34TH FL, NEW YORK, NY · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $363,857,494 | $344,531,235 | $553,485,369 |
| FY2023 | $373,059,143 | $372,765,330 | $534,592,386 |
| FY2022 | $290,171,184 | $283,041,132 | $548,496,340 |
| FY2021 | $344,179,991 | $266,638,991 | $546,008,878 |
| FY2020 | $462,416,393 | $374,235,242 | $475,288,771 |
| FY2019 | $202,088,773 | $162,597,627 | $372,286,345 |
| FY2018 | $191,708,914 | $155,373,050 | $323,285,335 |
| FY2017 | $154,610,978 | $146,056,292 | $287,638,889 |
| FY2016 | $199,080,812 | $181,669,096 | $279,239,784 |
| FY2015 | $136,957,578 | $121,483,767 | $260,348,140 |
| FY2014 | $135,485,688 | $123,339,773 | $245,623,572 |
| FY2013 | $141,326,502 | $121,725,945 | $233,415,685 |
| FY2012 | $118,217,623 | $102,872,937 | $213,631,993 |
| FY2011 | $149,668,788 | $122,982,376 | $196,075,751 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $266,697,606 | 76% |
| Program service revenue | $85,389,405 | 24% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $302,702,708 | 88% |
| Management & general | $31,174,977 | 9% |
| Fundraising | $10,653,550 | 3% |
What the numbers show
- Contributions & grants made up 76% of total revenue in FY2024.
- Program services accounted for 88% of functional expenses, management & general 9%, and fundraising 3%.
- 88% of functional expenses went to program services in FY2024. That is higher than 54% of 50 Community Improvement & Capacity Building organizations in NY.
- Net assets covered about 19.3 months of expenses at the end of the reporting year. That puts it in the 63rd percentile among 1708 Community Improvement & Capacity Building organizations in NY.
- Total revenue was higher than 100% of 1784 Community Improvement & Capacity Building organizations in NY.
- Total revenue rose from $149,668,788 in FY2011 to $363,857,494 in FY2024, Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2011 to FY2024.
- The highest revenue on record here is $462,416,393 in FY2020.
- Net assets grew from $196,075,751 to $553,485,369 between FY2011 and FY2024.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
IRS status
| Ruling year | 1980 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | S200 — Community Improvement & Capacity Building |
| Donations | Donations are generally tax-deductible (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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