Lake Charles Non-Profit Housing Development Corporation

Analysis

Lake Charles Non-Profit Housing Development Corporation is a registered charity in United States, based in Lake Charles, LA. It received its IRS tax-exemption ruling in February 2008, 18 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 December 2023, Lake Charles Non-Profit Housing Development Corporation reported income of $201k and spending of $0, leaving 100% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $140k to $201k (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2020, when income rose by 1696%. Over the whole period it spent 2.0% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lake Charles Non-Profit Housing Development Corporation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within LA. Charities of a similar size with the same main cause include Beneficial Housing Foundation ($201k), A Home for Everyone in Dekalb Inc ($201k) and Ken-Crest Housing Pa 2002 Inc ($201k).

At year end it held assets of $9.5m against liabilities of $2.1m, net assets of $7.3m.