Leonard Housing Corporation

Analysis

Leonard Housing Corporation is a registered charity in United States, based in Clearfield, PA. It received its IRS tax-exemption ruling in May 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 September 2023, Leonard Housing Corporation reported income of $105k and spending of $159k, spending 152% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $98k to $105k (+7.4%), an average of +1.8% a year. The sharpest change came in the year to September 2021, when income rose by 16%. Over the whole period it spent 140% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Leonard Housing Corporation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within PA. Charities of a similar size with the same main cause include CPNJ Warren Residence Inc ($105k), Mihalics Project ($105k) and Theodoro Place ($105k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $13k. At year end it held assets of $1.3m against liabilities of $27k, net assets of $1.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.