Mark Lane Housing Corp

Analysis

Mark Lane Housing Corp is a registered charity in United States, based in Waterbury, CT. It received its IRS tax-exemption ruling in July 1994, 32 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mark Lane Housing Corp reported income of $164k and spending of $116k, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $165k to $164k (-0.0%), an average of +-0.0% a year. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mark Lane Housing Corp sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within CT. Charities of a similar size with the same main cause include Armistead Apartments Inc ($164k), Peaceful Maison Inc ($165k) and Vesta Three Inc ($164k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $599k against liabilities of $46k, net assets of $553k.