Lower East Side Peoples Mutual Housing Association Inc

Analysis

Lower East Side Peoples Mutual Housing Association Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1991, 35 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 December 2023, Lower East Side Peoples Mutual Housing Association Inc reported income of $2.3m and spending of $2.4m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.1m to $2.3m (-44%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 41%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lower East Side Peoples Mutual Housing Association Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Southgate Non-Profit Housing Corporation ($2.3m), Christian Church Facilities for the Aging Inc ($2.3m) and Dallas Neighborhood Alliance for Habitat ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $96k (4.0% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $9.5m against liabilities of $2.2m, net assets of $7.4m. It reported 33 employees.