LA Casa-Elderly Housing Inc

Analysis

LA Casa-Elderly Housing Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in December 1984, 42 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, LA Casa-Elderly Housing Inc reported income of $683k and spending of $641k, spending 94% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $662k to $683k (+3.2%), an average of +1.0% a year. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, LA Casa-Elderly Housing Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within CT. Charities of a similar size with the same main cause include Monroe County Habitat for Humanity ($683k), Little League Baseball Inc ($683k) and Pulaski County Sheltered Workshop Inc ($683k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 80% and program service revenue 20% of the total. Other salaries and wages came to $122k. At year end it held assets of $1.2m against liabilities of $2.1m, net assets of -$918k. It reported 5 employees.