Lazarus House Incorporated

Analysis

Lazarus House Incorporated is a registered charity in United States, based in Lawrence, MA. It received its IRS tax-exemption ruling in June 1986, 40 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 March 2024, Lazarus House Incorporated reported income of $7.6m and spending of $7.6m, spending 101% of its income. Across the 5 years on record, from March 2020 to March 2024, income fell from $9.1m to $7.6m (-17%), an average of -4.6% a year. The sharpest change came in the year to March 2023, when income dropped by 26%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lazarus House Incorporated sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include 163rd Street Improvement Council Inc ($7.6m), Senior Housing Options Inc ($7.6m) and Fenway Community Development Corp ($7.6m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $110k (1.4% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $10.8m against liabilities of $352k, net assets of $10.5m. It reported 70 employees.