Lamoille Housing Partnership Inc

Analysis

Lamoille Housing Partnership Inc is a registered charity in United States, based in Morrisville, VT. It received its IRS tax-exemption ruling in September 1995, 31 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 June 2023, Lamoille Housing Partnership Inc reported income of $4.4m and spending of $3.4m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $753k to $4.4m (+479%), an average of +55% a year. The sharpest change came in the year to June 2022, when income rose by 431%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lamoille Housing Partnership Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within VT. Charities of a similar size with the same main cause include Prairie View Leasing ($4.3m), Leonardville Nursing Home Inc ($4.4m) and Freedom Farm Inc ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $119k (3.4% of expenses). Other salaries and wages came to $160k. At year end it held assets of $4.8m against liabilities of $1.7m, net assets of $3.1m. It reported 3 employees.