Lha Enterprise Development Inc

Analysis

Lha Enterprise Development Inc is a registered charity in United States, based in Laurel, MS. It received its IRS tax-exemption ruling in August 2009, 17 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 December 2023, Lha Enterprise Development Inc reported income of $1.3m and spending of $39k, leaving 97% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $34k to $1.3m (+3658%), an average of +148% a year. The sharpest change came in the year to December 2023, when income rose by 10731%. Over the whole period it spent 45% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lha Enterprise Development Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within MS. Charities of a similar size with the same main cause include Assisted Living Center Inc ($1.3m), Boston Neighborhood Community Land Trust Inc ($1.3m) and Just All About You Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $3.9m against liabilities of $0, net assets of $3.9m.