Villa de Lucas Inc

Analysis

Villa de Lucas Inc is a registered charity in United States, based in Beaumont, TX. It received its IRS tax-exemption ruling in September 2014, 12 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 June 2024, Villa de Lucas Inc reported income of $126k and spending of $148k, spending 118% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $70k to $126k (+81%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 64%. 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, Villa de Lucas Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within TX. Charities of a similar size with the same main cause include Neighborhood Building Corporation ($126k), Athens Homeless Propertycorporation ($126k) and Frenz Matter ($125k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $14k. At year end it held assets of $1.0m against liabilities of $1.6m, net assets of -$604k.

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.