Lasalle Park Homes II Inc

Analysis

Lasalle Park Homes II Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in July 2004, 22 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, Lasalle Park Homes II Inc reported income of $308k and spending of $376k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $280k to $308k (+10%), an average of +2.5% a year. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lasalle Park Homes II Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within IN. Charities of a similar size with the same main cause include Fellowship Fund for the Aged Housing Co ($308k), Fairmount Park Senior Housing Inc ($309k) and Edgar Senior Care Foundation ($308k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 47% of the total. At year end it held assets of $1.8m against liabilities of $3.1m, net assets of -$1.4m.

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.