LCS Housing Development Fund Company Inc

Analysis

LCS Housing Development Fund Company Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending December 2023, LCS Housing Development Fund Company Inc reported income of $181k and spending of $131k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $191k to $181k (-5.5%), an average of -5.5% a year. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, LCS Housing Development Fund Company Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Franklin Lakes Board of Education Foundation Inc ($181k), Friends of Texas Wildlife ($181k) and West Lake Road Fire Association Inc ($181k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 26% of the total. At year end it held assets of $325k against liabilities of $58k, net assets of $267k.