Lgarpa Corp

Analysis

Lgarpa Corp is a registered charity in United States, based in Turtle Creek, PA. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lgarpa Corp reported income of $5.5m and spending of $7.6m, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.6m to $5.5m (-43%), an average of -13% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lgarpa Corp 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 91st percentile within PA. Charities of a similar size with the same main cause include Project Go Inc ($5.5m), Beans Cafe Inc ($5.5m) and Pennsylvania Community Real Estate Corporation ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $152k (2.0% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $8.3m against liabilities of $5.8m, net assets of $2.4m. It reported 107 employees.