Local Community Housing Corporation

Analysis

Local Community Housing Corporation is a registered charity in United States, based in Tarpon Springs, FL. It received its IRS tax-exemption ruling in May 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Local Community Housing Corporation reported income of $536k and spending of $766k, spending 143% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $567k to $536k (-5.6%), an average of -1.4% a year. The sharpest change came in the year to March 2022, when income rose by 37%. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Local Community Housing Corporation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($536k), Cortland Housing Assistance Council Inc ($536k) and Creating Opportunities in Neighborhood Environments Inc ($535k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 93% and program service revenue 5.8% of the total. Other salaries and wages came to $470k. At year end it held assets of $1.1m against liabilities of $1,325, net assets of $1.1m.

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.