Lee Elderly Housing Corporation

Analysis

Lee Elderly Housing Corporation is a registered charity in United States, based in Pittsfield, MA. It received its IRS tax-exemption ruling in October 1983, 43 years ago. 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, Lee Elderly Housing Corporation reported income of $609k and spending of $613k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $535k to $609k (+14%), an average of +3.3% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lee Elderly Housing Corporation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Sea Level Montessori Inc ($609k), Historic Southside Incorporated ($609k) and Kalamazoo Junior Symphony Society ($609k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $100k. At year end it held assets of $1.2m against liabilities of $1.5m, net assets of -$261k.