Our Lady of the Road Incorporated

Analysis

Our Lady of the Road Incorporated is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in June 2008, 18 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 December 2023, Our Lady of the Road Incorporated reported income of $3.3m and spending of $1.8m, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $134k to $3.3m (+2376%), an average of +123% a year. The sharpest change came in the year to December 2021, when income rose by 344%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Our Lady of the Road Incorporated sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IN. Charities of a similar size with the same main cause include Asbury Dwellings Inc ($3.3m), St Marys Roland View Towers Inc ($3.3m) and Hip Housing Development Corporation ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.6% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $47k (2.5% of expenses). Other salaries and wages came to $77k. At year end it held assets of $2.0m against liabilities of $27k, net assets of $2.0m. It reported 40 employees.