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Local Initiatives Support Corporation
Local Initiatives Support Corporation reported $363.9 million in revenue and $344.5 million in expenses for calendar year 2024. Of every $100 it spent, $87.86 went to program services, $9.05 to management and general costs and $3.09 to fundraising. Its largest source of revenue was contributions and grants: 73.3% of the total. Government grants made up 21.3%. The highest compensation it reported for one person was $857,480 (DIRECTOR/CEO). 250 people received more than $100,000 in reportable compensation. Revenue rose 80% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $345MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $364MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 87.9% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 9.0% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.1% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.04 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 73.3% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 21.3% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 23.5% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $857,480 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.25% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 250 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 19.3 | 9.2 |
| Independent voting board members Part VI 1a–1b | 19 of 21 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseProject development and investment. The organization provides technical assistance and other program services to community based organizations , government agencies, small businesses, for-profit emerging developers and others throughout the country to assist them in transforming their communities into healthy and sustainable communities of choice and opportunity, including efforts to promote safer streets; help residents achieve economic stability; improve health and encourage healthy lifestyles; and incentivize change through arts and culture
The organization provides grants to community based organizations, small businesses, for-profit emerging developers and others throughout the country to support their efforts to revitalize disinvested communities and/or benefit low-wealth individuals and families. In 2024, the organization issued 1,470 grants throughout the country to support the development of 2,325 units of affordable homes and apartments; 161,342 square feet of commercial, community, and educational facility space; income and wealth building opportunities for individuals and families living on low to moderate-incomes; and…
Lending. The organization provides loans, lines of credit, and other recoverable financing at all stages of development - from predevelopment to permanent - to support projects and programs that revitalize disinvested communities and benefit individuals and families living on low to moderate incomes
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| DIRECTOR/CEO Director/trustee, officer, 35.00 hrs/week | $688,920 | $0 | $168,560 | $857,480 |
| FORMER PRESIDENT Former, 0.00 hrs/week | $659,579 | $0 | $9,084 | $668,663 |
| CEO - BROADSTREET Officer, 35.00 hrs/week | $407,646 | $0 | $237,893 | $645,539 |
| PRESIDENT - BROADSTREET Officer, 35.00 hrs/week | $355,199 | $0 | $208,825 | $564,024 |
| EVP/CFO Officer, 35.00 hrs/week | $402,343 | $0 | $126,185 | $528,528 |
| SVP/GENERAL COUNSEL Officer, 38.00 hrs/week | $370,806 | $0 | $120,745 | $491,551 |
| SVP Officer, 35.00 hrs/week | $313,635 | $0 | $105,479 | $419,114 |
| SVP Officer, 35.00 hrs/week | $313,724 | $0 | $96,973 | $410,697 |
250 people received more than $100,000 in reportable compensation from Local Initiatives Support Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $14M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b21 · 19 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26Yes
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5987
- Volunteers Part I, line 620
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| SPECIAL SERVICES FOR GROUPS INC Ati program service provider | $5,594,012 |
| PLANET NUTSHELL Financial management consultant | $1,094,549 |
| PROTIVITI INC Erap program call center operations | $857,514 |
| EXODUS RECOVERY INC Ati program service provider | $852,789 |
| TDA CONSULTING INC Erap program implementation mgt service | $805,888 |
Individuals listed as contractors are left out. 53 contractors were paid more than $100,000 in all.
Private foundation grants it received
93 private foundations reported grants to Local Initiatives Support Corporation totaling $26M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Local Initiatives Support Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Local Initiatives Support Corporation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Local Initiatives Support Corporation spent in 2024, $87.86 went to programs. The full breakdown, from its IRS Form 990:
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All community improvement & capacity building charities · Largest charities in New York
Questions people ask
How much of Local Initiatives Support Corporation's spending goes to programs?
In calendar year 2024, Local Initiatives Support Corporation reported that 87.9% of its $344.5 million in expenses went to program services, 9.0% to management and general and 3.1% to fundraising (Form 990, Part IX).
How much does Local Initiatives Support Corporation pay its top executive?
The largest total compensation Local Initiatives Support Corporation reported for one person in calendar year 2024 was $857,480, for the role of DIRECTOR/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Local Initiatives Support Corporation get its money?
Of $363.9 million in revenue in calendar year 2024, 73.3% came from contributions and grants (including 21.3% from government grants) and 23.5% from program service revenue (Form 990, Part VIII).
Is Local Initiatives Support Corporation a registered charity?
The IRS lists EIN 13-3030229 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202513049349302446 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202433109349300918 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313119349302196 · read the filing
- 2021: Form 990 for calendar year 2021, object 202223069349301027 · read the filing
- 2020: Form 990 for calendar year 2020, object 202123169349305932 · read the filing
- 2019: Form 990 for calendar year 2019, object 202023159349302047 · read the filing
All filings for EIN 13-3030229: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.