Lsa Elms Property Inc

Analysis

Lsa Elms Property 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 Property Inc reported income of $912k and spending of $584k, leaving 36% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.6m to $912k (-44%), an average of -14% a year. The sharpest change came in the year to September 2020, when income dropped by 37%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lsa Elms Property Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include Sunnyside Baptist Church ($912k), Montgomery County Emergency Assistance Program Inc ($912k) and Los Alamitos RHF Housing Inc ($912k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $8.8m against liabilities of $7.6m, net assets of $1.2m.