Lancer Educational Housingcorporation

Analysis

Lancer Educational Housingcorporation is a registered charity in United States, based in Riverside, CA. It received its IRS tax-exemption ruling in November 2007, 19 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 June 2023, Lancer Educational Housingcorporation reported income of $27.3m and spending of $23.4m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.2m to $27.3m (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2022, when income rose by 54%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lancer Educational Housingcorporation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Westminster Village North Inc ($27.3m), The American Ireland Fund ($27.3m) and Richford Health Center Inc ($27.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $204.0m against liabilities of $184.1m, net assets of $19.9m.