L B S H Housing Corp

Analysis

L B S H Housing Corp is a registered charity in United States, based in Brasher Falls, NY. It received its IRS tax-exemption ruling in May 1988, 38 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 December 2023, L B S H Housing Corp reported income of $546k and spending of $599k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $776k to $546k (-30%), an average of -8.4% a year. The sharpest change came in the year to December 2022, when income dropped by 25%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, L B S H Housing Corp sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include We Are Up ($546k), Serenity House of Atlanta Ministries Inc ($546k) and Avenida Guadalupe Zarzamora Senior Homes Inc ($546k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $73k (12% of expenses). At year end it held assets of $1.2m against liabilities of $618k, net assets of $598k. It reported 5 employees.