LH Homes II Inc

Analysis

LH Homes II Inc is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in February 2007, 19 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 September 2023, LH Homes II Inc reported income of $88k and spending of $122k, spending 138% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $74k to $88k (+19%), an average of +4.5% a year. Over the whole period it spent 146% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, LH Homes II Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within MI. Charities of a similar size with the same main cause include Proctor Community Housing Corporation ($88k), Sherrys Place Inc ($88k) and Autumn Village Inc ($88k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 55% and program service revenue 41% of the total. At year end it held assets of $697k against liabilities of $46k, net assets of $651k.

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.