Lebanese Community Housing for the Elderly Inc

Analysis

Lebanese Community Housing for the Elderly Inc is a registered charity in United States, based in Methuen, MA. It received its IRS tax-exemption ruling in October 1982, 44 years ago. 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, Lebanese Community Housing for the Elderly Inc reported income of $920k and spending of $932k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $818k to $920k (+12%), an average of +3.0% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lebanese Community Housing for the Elderly Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include The American City Coalition Inc ($920k), Habitat for Humanity International Inc ($921k) and Childrens Rehabilitation Foundation of Variety Club of Buffalo Inc ($920k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 21% of the total. At year end it held assets of $932k against liabilities of $2.4m, net assets of -$1.5m.

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.