Town of Lincoln Housing Authority

Analysis

Town of Lincoln Housing Authority is a registered charity in United States, based in Lincoln, RI. It received its IRS tax-exemption ruling in August 2005, 21 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 September 2023, Town of Lincoln Housing Authority reported income of $5.0m and spending of $4.2m, spending 84% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.8m to $5.0m (+30%), an average of +6.7% a year. The sharpest change came in the year to September 2023, when income rose by 32%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Town of Lincoln Housing Authority sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within RI. Charities of a similar size with the same main cause include Anthony Hoe Corporation ($5.0m), Alexis Apartments of St Patricks Parish ($5.0m) and Wyoming Rescue Mission ($5.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $93k (2.2% of expenses). At year end it held assets of $11.2m against liabilities of $835k, net assets of $10.4m.