Lihi Cascade Senior Housingdevelopment

Analysis

Lihi Cascade Senior Housingdevelopment is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in November 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 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, Lihi Cascade Senior Housingdevelopment reported income of $1.5m and spending of $389k, leaving 74% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $145k to $1.5m (+910%), an average of +78% a year. The sharpest change came in the year to December 2023, when income rose by 910%. Over the whole period it spent 19% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lihi Cascade Senior Housingdevelopment sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within WA. Charities of a similar size with the same main cause include Haven of Grace ($1.5m), Southern Maine Affordable Housing ($1.5m) and Sisters Place Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 21% of the total. At year end it held assets of $9.2m against liabilities of $2.9m, net assets of $6.4m.