Lewiston Itc Elderly Housing Deveolpement Fund Corporation

Analysis

Lewiston Itc Elderly Housing Deveolpement Fund Corporation is a registered charity in United States, based in Lewiston, NY. It received its IRS tax-exemption ruling in November 1999, 27 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, Lewiston Itc Elderly Housing Deveolpement Fund Corporation reported income of $150k and spending of $177k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $123k to $150k (+22%), an average of +5.1% a year. Over the whole period it spent 127% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lewiston Itc Elderly Housing Deveolpement Fund Corporation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include 77 Magazine House Inc ($150k), Loretta Village Housing Inc ($150k) and New Outlook Inc ($150k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $963k against liabilities of $1.8m, net assets of -$854k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.