Lake Street Housing Corporation

Analysis

Lake Street Housing Corporation is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lake Street Housing Corporation reported income of $78k and spending of $81k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $69k to $78k (+13%), an average of +13% a year. Over the whole period it spent 122% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lake Street Housing Corporation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 21st percentile within VT. Charities of a similar size with the same main cause include Hills and Hollers Ministries Inc ($78k), Columbus Food Pantry Inc ($78k) and Somali Bridge ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. At year end it held assets of $105k against liabilities of $8,969, net assets of $96k.