Lsa Elms at Tanglewood Inc

Analysis

Lsa Elms at Tanglewood Inc is a registered charity in United States, based in Salisbury, NC. It received its IRS tax-exemption ruling in April 1988, 38 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Lsa Elms at Tanglewood Inc reported income of $5.6m and spending of $5.1m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.8m to $5.6m (+17%), an average of +4.0% a year. The sharpest change came in the year to September 2022, when income rose by 18%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lsa Elms at Tanglewood 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 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Gleaners of Clackamas County Incorporated ($5.6m), Villa St Francis ($5.6m) and The Ministry for Hope Inc ($5.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Other salaries and wages came to $2.6m. At year end it held assets of $7.3m against liabilities of $364k, net assets of $7.0m. It reported 183 employees.