Lancaster Equity Inc

Analysis

Lancaster Equity Inc is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in June 1999, 27 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, Lancaster Equity Inc reported income of $123k and spending of $144k, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $185k to $123k (-34%), an average of -9.7% a year. The sharpest change came in the year to June 2020, when income rose by 149%. Over the whole period it spent 51% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lancaster Equity Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within PA. Charities of a similar size with the same main cause include Choctaw Poteau Properties Inc ($123k), New Anchor Foundation ($123k) and Preservation Non-Profit Housing Corporation ($123k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 64% of the total. At year end it held assets of $1.9m against liabilities of $23k, net assets of $1.8m.