Limen House Inc

Analysis

Limen House Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in July 1969, 57 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Limen House Inc reported income of $5.0m and spending of $2.4m, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $5.0m (+304%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 187%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Limen House Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within DE. Charities of a similar size with the same main cause include Hayden Canyon Charter School Inc ($5.0m), Eastern Carolina Young Mens Christian Association Inc ($5.0m) and Hoisting & Portable Engineers Local No 4 Apprenticeship & Training FND ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $100k (4.1% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $7.7m against liabilities of $41k, net assets of $7.6m. It reported 23 employees.